The porphyry molybdenum deposits of Climax, Colorado, are stockworks of quartz-molybdenite veinlets. They are apical to intrusive cupolas of leucocratic rhyolite-granite porphyry of Oligocene age (33 to 24 Ma). The upper parts of the orebodies are overprinted by overlying zones of phyllically altered rocks, and by stockworks of greisen-like veinlets, containing quartz, pyrite, topaz and huebnerite. The phyllic and/or greisen-like zones are surrounded by a propylitic zone, characterized by quartz-chlorite-hematite veinlets and chlorite after biotite. Late veins, radial and peripheral to the intrusive center, are common but widely scattered and discontinuous. Such veins typically contain quartz, fluorite, rhodochrosite, pyrite, dark sphalerite, galena, tetrahedrite, and traces of huebnerite, molybdenite, argentite, native gold and/or electrum. The Alma district, 4 to 10 km southeast of Climax, contains widely scattered clusters of veins and replacement deposits. The veins cut chloritized to sericitized silicate host rocks, and the replacement deposits are in carbonate host rocks. The ore- and gangue-mineral assemblages of the veins of the Alma district resemble those of veins peripheral to the Climax molybdenum deposits. Veins of the Alma district cut dikes of Late white rhyolite (35 Ma), which resemble the rhyolite porphyries of Climax. A swarm of such dikes is parallel to the long axis of an elliptical drainage pattern, which bounds a structural dome, here called the outer Alma dome. The outer Alma dome (8 × 12 km) surrounds an inner Alma dome (6 × 8 km). Veins of the Alma district generally are axial and/or marginal to the outer Alma dome, and/or radial to the inner Alma dome. Veins and alteration minerals associated with the outer Alma dome formed between 35 and 27 Ma ago. Those associated with the inner Alma dome formed about 27 Ma ago, as indicated by fission-track age determinations on thermally annealed zircon grains from hydrothermally altered rocks, within and around the inner Alma dome. Negative Bouguer gravity anomaly patterns indicate: (1) a regional, northeast-trending gravity low, associated with the composite monzonite-granodiorite-granite B batholith of the Colorado mineral belt (average density about 2.62 g/cm 3); (2) a semi-regional gravity trough, within the gravity low of the Colorado mineral belt, extending northeastward across the Mosquito Range; (3) an oval pattern of gravity lows, coincident with the Alma domes; and (4) a closed gravity low associated with the Climax stock (density about 2.56 g/cm 3) (Tweto and Case, 1972; Behrent and Bajwa, 1974; Corry, 1981). The semi-regional gravity trough is interpreted as the gravimetric expression of a granite batholith, here called the Climax-Alma batholith. The gravity lows of the Climax and Alma districts are interpreted as expressions of cupolas on this granite batholith. The highly differentiated rhyolite-granite intrusions of Climax plunge toward the Alma domes. The Climax intrusions are interpreted as products of apical differentiation of the inferred Climax-Alma granite batholith. Magmatic-hydrothermal fluids, associated with highly differentiated apical magmas, produced the Climax molybdenum orebodies. Most of the veins and replacement deposits of the Alma district are associated with lower, broader cupolas of the inferred granite batholith. The shape of the composite Climax-Alma magmatic-hydrothermal system resembles that of a teapot, with Climax above the spout and the Alma district above the lower, broadly domed lid.