The Cortez caldera is an oval structure ten km in diameter formed by caldera collapse and is located in the northern part of the Toiyabe Range, central Nevada. The Cortez gold deposit, a carbonate-hosted disseminated gold deposit, is located three km northeast of the northern margin of the Cortez caldera. Dike within the Cortez gold deposit have a similar age and composition as the Caetano Tuff and strike N 30-40 degree W, subparallel to the caldera margin and dip up to 45 degree toward the caldera. Remnants of the outflow facies of the Caetano Tuff near the Cortez deposit indicate that the deposit formed near the Oligocene paleosurface.