At the request of the Bureau of Land Management, the U.S. Geological Survey evaluated the area of the historic Lake Valley mining district and townsite, Sierra County, New Mexico, for its potential for undiscovered mineral resources. The four chapters of this report describe the geology of the area, present the results of geophysical investigations carried out to aid in interpreting subsurface geology, describe the mining history and character of the region's ore deposits, and present geochemical data on potential for contamination from abandoned mine dumps in the mining district.