Quantitative relationships are demonstrated between dike density and hydrothermal alteration, magnetization, location of volcanic massive sulfide (VMS) ore bodies and a number of other properties in a 40 by 15 km segment of the Extrusive Series of the Troodos Ophiolite. Low-temperature alteration extends from the sediment-extrusive interface to close to the 25% dike density surface, while the onset of greenstone type alteration is closely associated with the 50% dike density surface. These associations are explained in terms of the regional scale variations in the dike density contour surfaces following the form of the top of the gabbroic layer of the ophiolite. An upper magnetic zone, characterized by stable high remanence, terminates just below the 25% dike density surface. A deeper magnetic zone, characterized by high induced magnetization, straddles the top of the Sheeted Complex. Volcanic massive sulfide bodies are concentrated in a narrow depth range centered about 0.1 km above the 25% dike density surface. A model for the postridge crest evolution of ore bodies accounts for this optimum depth range for preservation. Physical property changes with dike density, and the depth distribution of VMS ore bodies and prospects for the ophiolite as a whole support this model. Similar relationships appear to be present in the Samail, Macquarie Island, Newfoundland and Chilean ophiolites and Icelandic crust. As a result of relationships found in the Troodos ophiolite, an alternative is proposed to the current lithologic profile for Ocean Drilling Program Hole 504B. ¿ American Geophysical Union 1995.