The Gold Basin-Lost Basin mining districts are adjacent to each other in northwestern Arizona, south of Lake Mead, and just west of the Grand Wash Cliffs. Most recorded production from lode deposits is credited to mines in the Gold Basin district, which is in the southern White Hills, whereas the bulk of the placer production has been from placers worked along the eastern flank of the Lost Basin range, about 16 km to the northeast across Hualapai Valley. Gold in quartz veins apparently was first discovered in the 1870's. Recorded production from the districts between 1901 and 1942 includes 13,508 oz gold and 6,857 oz silver, and this recorded production has a dollar value of about $359,000 of which 98 percent is credited to gold.

Most known occurrences of lode gold in the districts are associated with widespread quartz-cored pegmatite-vein systems, presumably emplaced episodically during Proterozoic X, Proterozoic Y, and Late Cretaceous time into Proterozoic X metamorphic and igneous rocks. The bulk of the veins apparently were emplaced during the Late Cretaceous, and they were localized along both high- and low-angle structures in the Proterozoic X terrane. These veins appear to be associated genetically with presumably Late Cretaceous, two-mica magmatism. A Late Cretaceous two-mica monzogranite crops out in an approximately 4 to 5 km² area in the southern part of the Gold Basin district and includes some facies of episyenite. Some gold is found also in small episyenitic alteration pipes, or in veins caught up tectonically along a regionally extensive, low-angle detachment surface which crops out prominently in the southern White Hills, and has been traced for at least 30 km along the western flank of the White Hills.

Hydrothermal micas from selected veins in the districts give K-Ar ages of 822, 712, 69, 68, and 65 m.y. (million years), and from the pipes, ages of 130 and 127 m.y. The oldest ages (822 and 712 m.y.) presumably reflect resetting of veins that probably were emplaced penecontemporaneous with emplacement of the 1,400-m.y. granite of Gold Butte, which crops out just to the north of Lake Mead. The latter ages (130 and 127 m.y.) must reflect either the presence of excess radiogenic argon in the hydrothermal environment of the evolving pipes, or contamination of the dated mineral separates by Proterozoic mica and (or) feldspar. Primary white mica from the two-mica monzogranite gives a K-Ar age of 72 m.y..

Most occurrences of gold in the veins and pipes probably reflect either remobilization of gold from gold-bearing, near-surface Proterozoic source areas, or anatectic incorporation of gold into Late Cretaceous, two-mica magmas from very deep gold-bearing Proterozoic sources. Deposition of gold occurred in a mesothermal environment during the galena-, chalcopyrite-, ferroan-carbonate-bearing stages of the veins. Homogenization studies of fluid inclusions prominent in the veins and pipes yield temperatures mostly in the range 150 to 280°C. Early-stage, trapping temperatures at the pipes probably were about 330°C and pressures in the range 500 to 700 bars can be inferred. Fluids were moderately saline, mostly 4 to 16 weight percent NaC1 equivalent, nonboiling, and also contain appreciable amounts of carbon dioxide and, in places, fluorine. Such fluids associated with the deposition of gold in these districts largely bridge the fluid composition interval between many other epithermal precious-metal and porphyry coper deposits.

Approximately 350 compositional analyses obtained from native-gold samples from 20 mines in the Gold Basin district and 48 veins in the Lost Basin district show silver contents that range from 6 to approximately 50 weight percent, and copper from 0.01 to 0.5 weight percent. Metal zonation and possible relation to a porphyry copper system at depth can be inferred from some of these chemical data. The differences in the composition of placer gold from 24 occurrences in the Lost Basin district from that of nearby lode sources suggest that other sources contributed gold to the placers or that locally derived grains were enriched by oxidation and weathering of the lodes.