Starting as paved road in the far southwestern corner of Colfax County in the community of Black Lake at the intersection with Route 434, New Mexico State Road 120 changes into an unpaved road just before mile marker 3. It travels east around the northern edge of Ocate Mesa and then heads southeast down Manueles Canyon on the northeastern side of Ocate Mesa. Due east of the top of Ocate Mesa it enters Mora County and heads south-southeast. Passing the south end of Ocate Mesa, the road heads southeast and at mile marker 12 the surface becomes paved again. In winter, this unpaved section is prone to heavy ice, snowpack, and mud. After mile marker 12, the road continues southeastward passing the unpaved Los Le Febres turnoff on the right. At this point Manueles Creek on the left side of the road is joined by Wheaton Creek to form Ocate Creek, and the road follows Ocate Creek southeast with the Maxwell Land Grant on the left and the Mora Land Grant on the right. The road then enters the community of Ocate where it intersects with Route 442. Leaving Ocate again alongside Ocate Creek, the road heads east twisting through the foothills of Los Naranjos Peak to the south in the Ocate Creek water gap into the community of Naranjos. From Naranjos the road leaves the Ocate Creek bed and heads almost straight southeast, passing numerous ranch roads, for to the town of Wagon Mound. out of Naranjos, the road passes the in elevation, La Chata Crater, on the left. Just before the town the road turns east and still on the west side of Wagon Mound, it has its only interchange at its intersection with I-25. The road then crosses the intercontinental railroad tracks of the BNSF Railway. Within Wagon Mound the road heads east and is called Park Avenue. Leaving Wagon Mound, the road again passes numerous ranch roads heading east, past Los Mesas del Conjelon on the right, for about and then heading southeast another to its intersection with the Canadian River at mile post 64. The bridge over the river is long. Crossing the Canadian River bridge the road enters Harding County and then heads north-northeast about into the town of Roy. The road comes into Roy as the Wagon Mound Highway, then zags up to Second Street and then up to Third Street where it intersects with Route 39. Then heading three blocks east as Third Street, the road turns due north as Floersheim Street and leaves Roy as the Yates Highway. Running along section lines the road heads north and east intermittently, passing numerous ranch roads and going through part of the Kiowa National Grassland which is predominately north of the road, for to the community of Yates. later heading due north the road passes into Union County. After in Union County headed mostly north, but still on section lines, the road terminates at its intersection with U.S. Route 56 and U.S. Route 412 east of Gladstone. A dirt road continues north at that point for a couple of miles into the Don Carlos Hills.
