Regional gravity and aeromagnetic maps reveal the existence of deep basins underlying much of the southwestern Nevada volcanic field, approximately 150 km northwest of Las Vegas. These maps also indicate the presence of prominent features (geophysical lineaments) within and beneath the basin fill. Detailed gravity surveys were conducted in order to characterize the nature of the basin boundaries, delineate additional subsurface features, and evaluate their possible influence on the movement of ground-water. Geophysical modeling of gravity and aeromagnetic data indicates that many of the features may be related to processes of caldera formation. Collapse of the various calderas within the volcanic field resulted in dense basement rocks occurring at greater depths within caldera boundaries. Modeling indicates that collapse occurred along faults that are arcuate and steeply dipping. There are indications that the basement in the western Pahute Mesa - Oasis Valley region consists predominantly of granitic and/or fine-grained siliceous sedimentary rocks that may be less permeable to groundwater flow than the predominantly fractured carbonate rock basement to the east and southeast of the study area. The northeast-trending Thirsty Canyon lineament, expressed on gravity and basin thickness maps, separates dense volcanic rocks on the northwest from less dense intracaldera accumulations in the Silent Canyon and Timber Mountain caldera complexes. The source of the lineament is an approximately 2-km wide ring fracture system with step-like differential displacements, perhaps localized on a pre-existing northeast-trending Basin and Range fault. Due to vertical offsets, the Thirsty Canyon fault zone probably juxtaposes rock types of different permeability and, thus, it may act as a barrier to ground-water flow and deflect flow from Pahute Mesa along its flanks toward Oasis Valley. Within the Thirsty Canyon fault zone, highly fractured rocks may serve also as a conduit, depending upon the degree of alteration and its effect on porosity and permeability. In the Oasis Valley region, other structures that may influence ground-water flow include the western and southern boundaries of the Oasis Valley basin, where the basement abruptly shallows.