Ophiolites in the Eastern Cordillera of the central Peruvian Andes

A discoutinuous NNW-SSE trending belt of scattered ultraiuafic (UM) and subordínate mafic (M) rocks ís exposed alona some 250 km in the Eastern Cordillera of the peruvian Andes (Junin and Huanuco Departnients. -°"-12° S). New data questiou tlieír pieviousty assuuned [1.2] intrusive origin. Work, in progress shows tLat the essential geologic and tecronk featiires are comnion to most of them, as will t e shown on the southeniniost occurrences: Tapo and Acobaniba (Tarraa proviuce). The Tapo massif is the most conspkuoiis and the oaty one with chiomite mining history. It is a lens-shaped body, 5 km long [NV-SE direction) and 1 -2 km wide. lying on detritaí sedirnents of the Lower Carboniferous Ambo Group [3], and comprising extreniely tectomsed and serpentinised peridotiles wilh subordínate podiform chroirdtite bodies. nieta-gabbros or amphibolites The Acobamba oecurrences couiprise serpentinites aud subordínate meta-gabbros [A]. in contact with phyllites of the Precarnbnan (?) Huacar Group (Maraáón Complex)

Neoproterozoic ultramafic and mafic magmatism in the Eastern Cordillera of the central peruvian Andes: the Tapo Massif

A highly dismembered assemblage of ultramafic and mafic rocks is exposed in the Eastern Cordillera of the Central Peruvian Andes, extending along a discontinuous NW-SE belt over some 250 km between 12° and 9° S of latitude. One of the most important occurrences is the Tapo Mafic-Ultramafic Complex, which occurs at 3750 to 4200 m above sea level, 2 km to the west of Tapo locality, in the Tarma province, about 200 Km west of Lima. The Tapo complex is a lens-shaped body, 5 km long and 1-2 km wide, that consists mainly of strongly serpentinized peridotites and some gabbros. Several small open pits won chromite from podiform chromitite lenses ( ≥60 chromite) and from disseminated chromite in serpentinite. The main structural trend of the Tapo Complex is NW – SE and the massif is tectonically emplaced upon Lower Carboniferous sedimentary rocks. The rocks of the Tapo massif are overprinted by metamorphism reaching amphibolite facies (see Willner et al, 2010, for more information on the metamorphic conditions). The main purpose of this work is to constrain the age determination of the Tapo Complex, using Sm-Nd technique direct dating of chromites and, also, amphibole, plagioclase and whole-rock samples from the host gabbro. In addition K-Ar age determination on amphibole is presented to date the metamorphic overprint

Forward-looking portfolio selection with multivariate non-Gaussian models

In this study, we suggest a portfolio selection framework based on time series of stock log-returns, option-implied information, and multivariate non-Gaussian processes. We empirically assess a multivariate extension of the normal tempered stable (NTS) model and of the generalized hyperbolic (GH) one by implementing an estimation method that simultaneously calibrates the multivariate time series of log-returns and, for each margin, the univariate observed one-month implied volatility smile. To extract option-implied information, the connection between the historical measure P and the risk-neutral measure Q, needed to price options, is provided by the multivariate Esscher transform. The method is applied to fit a 50-dimensional series of stock returns, to evaluate widely known portfolio risk measures and to perform a forward-looking portfolio selection analysis. The proposed models are able to produce asymmetries, heavy tails, both linear and non-linear dependence and, to calibrate them, there is no need for liquid multivariate derivative quotes

New data on the ophiolitic VMS deposits of Moeche (Cabo Ortegal Complex, NW Spain)

As a result of the variscan collision, several allochtonous complexes were emplaced on the Iberian margin in Devonian times, among them the Cabo Ortegal Complex comprising the Moeche ophiolitic sequence. Copper has been won from several mines (Piquitos I & II, Barqueira, Maruxa) from disseminated ores and thin massive sulphide layers in the Moeche Unit, a strongly deformed meta-volcanic sequence comprising mainly quartz-chlorite schists and mylonites, which defines the top of the ophiolite. The ores were metamorphosed and strongly deformed under brittle conditions (for pyrite), but their textures are often apparently post-deformational, due to very common solution-transfer processes; they are composed mostly of pyrite and chalcopyrite, with minor sphalerite, pyrrhotite, etc., and with traces of native gold and PGE. The geology, mineralogy, and geochemistry of the orebodies relate closely to VMS of the Cu-Zn (Cyprus) type. Fluid inclusion studies allowed an estimation of metamorphic conditions at pressures of 2/2’5 kb and T 325/350ºC. New determinations using the chlorite geothermometer yield temperatures around 320 ºC, corresponding to pressures near 2 kb according to the isochores deduced from the fluid inclusion study, although in the Barqueira mine higher temperatures, up to 350 ºC, are found, corresponding to presssures up to 2’5 kb. Pb isotopic compositions of pyrite point to a double source of Pb, i.e. a main mantle and a subordinate crustal source. The values for 87SR/86Sr in pyrite support this interpretation, but some results suggest later mobilization in an open system, corresponding to solution-transfer. Age determinations of pyrite deduced from the Pb isotope uranogenic graph, ≈ 480 Ma, do not fit with the metamorphic ages published for the Moeche Unit, and might point to the age of Pb extraction from the mantle