The geology of Iceland is unique and of particular interest to geologists. Iceland lies on the divergent boundary between the Eurasian plate and the North American plate. It also lies above a hotspot, the Iceland plume. The plume is believed to have caused the formation of Iceland itself, the island first appearing over the ocean surface about 16 to 18 million years ago. The result is an island characterized by repeated volcanism and geothermal phenomena such as geysers. Between 1963 and 1967, the new island of Surtsey was created off the southwest coast by a volcanic eruption.