Several swarms of parallel E–W dikes cuts late Neoproterozoic- to early Paleozoic (540 Ma) basement in the Biarjmand area, NE Iran. The microgabbroic to doleritic dike are several hundred meters long and 0.5 to 3 meters wide. U–Pb dating of their zircon grains yields a crystallization age of 46.0 ± 7.1 Ma for the dike swarms. The dikes have SiO2 contents of 46.0–49.3 wt.%, and Fe2O3 contents of 9.80–14.8 wt.% with variable MgO (4.92–9.16 wt.%), TiO2 (1.47–2.65 wt.%), and K2O contents (0.33–1.13 wt.%). The dikes have low contents of high field strength elements (HFSEs), and have some similarities to transitional mid-ocean ridge basalts (T-MORB) based on their chemical composition. Positive ${\varepsilon}_{Nd}(t)$ values of +5.2 to +6.0 for the dike samples imply that the basaltic magma was generated from depleted lithospheric mantle. After the closure of the Sabzevar ocean and obduction of the large mantle peridotite body over the continental crust in the late Cretaceous-Paleocene, the gravitational instability in the central Iran / Eurasia plate collision zone triggered exhumation of old basement coeval with injection of the mafic magma. During exhumation, mylonitic deformation with brittle-ductile structures affected the basement metagranite and the host rocks. The metagranite and dike swarms cut the Cretaceous Sabzevar ophiolite, and the disparting of ophiolite members probably occurred during basement exhumation in the Cenozoic. The similar ages of the mafic dike swarms and other Eocene magmatic rocks of the Urumiah (Urmia) Dokhtar magmatic arc (UDMA), western Iran, is consistent with a rapid extensional regime over the Sabzevar suture zone on an earlier collision zone in NE Iran. This process provided a suitable setting for the exhumation of the old basement, the emplacement of the parallel dike swarm, and the development of shallow basins in this area.