Lokiceratops rangiformis is a newly discovered species of dinosaur, relative of the triceratops, found in the badlands of northern Montana.

Discovered by a large group comprised of scientists from the U.S., Canada, UK, Denmark, and Panama, Lokiceratops featured a huge, elaborate set of frill horns, potentially with bright colors on them.

Living in the Late Cretaceous period, this large dinosaur would have used its horns to signal mates, and warn or challenge rivals. An exciting and important discovery that shows our knowledge and history of the era of dinosaurs is still being written.

Below is a video describing the discovery and description of the dinosaur. Via NYTimes:

PeerJ, the journal that reported the new species. 

Various members of the extended family, which includes the newly discovered Lokiceratops.

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