Impact event Chicxulub Crater. This crater is centered on the Yucatán Peninsula of Mexico and was discovered by Tony Camargo and Glen Pentfield while working as geophysicists for the Mexican oil company PEMEX. What they reported as a circular feature later turned out to be a crater estimated to be in diameter. This convinced the vast majority of scientists that this extinction resulted from a point event that is most probably an extraterrestrial impact and not from increased volcanism and climate change (which would spread its main effect over a much longer time period). Although there is now general agreement that there
Iridium Alvarez proposed in 1980 an extraterrestrial origin for this iridium, attributing it to an asteroid or comet impact. Their theory, known as the Alvarez hypothesis, is now widely accepted to explain the extinction of the non-avian dinosaurs. A large buried impact crater structure with an estimated age of about 66 million years was later identified under what is now the Yucatán Peninsula (the Chicxulub crater). Dewey M. McLean and others argue that the iridium may have been of volcanic origin instead, because Earth's core is rich in iridium, and active volcanoes such as Piton de la Fournaise, in the island