Iron oxide-apatite (IOA) deposits, also known as magnetite-apatite or Kiruna-type deposits, are a major source of iron and potentially of rare earth elements and phosphorus. To date, the youngest representative of this group is the Pleistocene (~2 Ma) El Laco deposit, located in the Andean Cordillera of northern Chile. El Laco is considered a unique type of IOA deposit because of its young age and its volcanic-like features. Here we report the occurrence of similarly young IOA-type mineralization hosted within the Laguna del Maule Volcanic Complex, an unusually large and recent silicic volcanic system in the south-central Andes. We combined field observations and aerial drone images with detailed petrographic observations, electron microprobe analysis (EMPA), and 40Ar/39Ar dating to characterize the magnetite mineralization—named here “Vetas del Maule”—hosted within andesites of the now extinct La Zorra volcano (40Ar/39Ar plateau age of 1.013 ± 0.028 Ma). Five different styles of magnetite mineralization were identified: (1) massive magnetite, (2) pyroxene-actinolite-magnetite veins, (3) magnetite hydrothermal breccias, (4) disseminated magnetite, and (5) pyroxene-actinolite veins with minor magnetite. Field observations and aerial drone imaging, coupled with microtextural and microanalytical data, suggest a predominantly hydrothermal origin for the different types of mineralization. 40Ar/39Ar incremental heating of phlogopite associated with the magnetite mineralization yielded a plateau age of 873.6 ± 30.3 ka, confirming that the emplacement of Vetas del Maule postdated that of the host andesite rocks. Our data support the hypothesis that the magnetite mineralization formed in a volcanic setting from Fe-rich fluids exsolved from a magma at depth. Ultimately, Vetas del Maule provides evidence that volcanic-related IOA mineralization may be more common than previously thought, opening new opportunities of research and exploration for this ore deposit type in active volcanic arcs.

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