Hi All,
This was a question from the lecture relating to the Barringer crater: http://www.barringercrater.com/education/craterfacts.php
Here is one way to do it: http://en.wikipedia.org/wiki/Radiometric_dating
Apparently scientists also use a technique called "relative dating" which assumes new rock layers are found on top of old rock layers.
It would be interesting to build some of this into your islands.
Cheers