This stellar system resembles a globular cluster, but is like no other cluster known, researchers said.
It contains stars remarkably similar to the most ancient stars in the Milky Way and bridges the gap in understanding between our galaxy's past and its present.
Terzan 5 has been classified as a globular cluster for the forty-odd years since its detection.
An Italian-led team of astronomers scoured data from the Advanced Camera for Surveys and the Wide Field Camera 3 on board The Hubble Space Telescope, as well as from a suite of other ground-based telescopes.
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The ages of the two populations indicate that the star formation process in Terzan 5 was not continuous, but was dominated by two distinct bursts of star formation.
"This requires the Terzan 5 ancestor to have large amounts of gas for a second generation of stars and to be quite massive. At least 100 million times the mass of the Sun," said Davide Massari, co-author of the study, from INAF in Italy, and the University of Groningen in the Netherlands.
"We think that some remnants of these gaseous clumps could remain relatively undisrupted and keep existing embedded within the galaxy," said Francesco Ferraro from the University of Bologna in Italy, and lead author of the study.
"Such galactic fossils allow astronomers to reconstruct an important piece of the history of our Milky Way," said Ferraro.
These similarities could make Terzan 5 a fossilised relic of galaxy formation, representing one of the earliest building blocks of the Milky Way, researchers said.
This assumption is strengthened by the original mass of Terzan 5 necessary to create two stellar populations: a mass similar to the huge clumps which are assumed to have formed the bulge during galaxy assembly around 12 billion years ago.
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