Pantasma is a region in the north of Nicaragua. In the Miskito language the wordPantasma means small humans or flat head. The Spanish word Fantasma origins from the Greek Phantasma and means ghost. The , also called the "Crater of Pantasma", is a circular valley over 12 km in diameter situated in Nicaragua. It is passed by the Rio Pantasma, a tributary of the Rio Coco. In its center lies the village of Las Praderas, the principal place of the community of with about 40,000 inhabitants in the province of Jinotega. In the poor, but fertile and agricultural intensely used valley corn, grain, fruit, and coffee are cultivated and cattle is bred. The town is the site of one of the most famous actions of the civil war between the Sandinista government and the rebel Contras. On October 18, 1983, the Nicaraguan Democratic Force's Task Force Diriangén, under Comandante "Mike Lima," launched a on the town, overrunning a battalion headquarters, detonating a munitions depot, robbing a state bank, and destroying a police station, a school, and all other government offices and facilities, leaving 47 defenders and residents dead. Though a military success, politically the Sandinistas depicted the assault as a "massacre" and a symbol of rebel atrocities.
Some have speculated that the crater at Pantasma was formed when an over 500 m large meteorite struck into the Tertiary effusive layers of the volcanic mountains in the north of Nicaragua. The circular shape of the crater, the skew of its floor according to the spacious mountain slope and its apparently arbitrary situation supports the thesis of a meteorite impact. A central uplift is missing or may already be covered with sediments. An ejection ring is not recognizable clearly in the rough landscape. The size and the shape of the crater are similar to the 10 km large and about one million years old crater of Lake Bosumtwi in Ghana. Its embedding into the landscape is nearly identical to the impact crater of Goat Paddock in Australia. The volcanic history of the whole region and the neighbourhood of an active volcanic zone suggest a volcanic origin, but don't prove it conclusively. A search for typical impact material, that could prove an impact event, has yet to take place. Based on available observations and data, this site is listed as improbable, or unlikely to be an impact site. But in spite of this an expedition by the Nicaraguan Scientific Association of Astronomers and Astrophysicists to the Pantasma Valley in July 2009 has provided some support for the impact hypothesis. Note: The Pantasma valley can not be "Triassic" because it lies on the Caribbean Plate, that was formed between 140 and 70 million years ago. The fresh look of the crater suggests an age of only up to 1 million years. In 2010, geologist Jean H. Cornec from Denver, Colorado reported the detection of a new tektitestrewn field in western Belize, 300 miles north-west, which could be related to the possible Pantasma crater.
