The mechanisms controlling the enrichment and separate precipitation of tungsten and tin ores are obscure. To unravel the physicochemical changes in the mineralization system during the magmatic-hydrothermal transition, we investigate the petrography, geochemistry, and boron isotopes of tourmaline in the Wangxianling-Hehuaping district (Nanling Range, South China). Four types of tourmalines were identified: Magmatic (Tur-WG) and hydrothermal (Tur-WV) tourmaline in the Triassic W-mineralized tourmaline-two-mica granite (ca. 220 Ma); Magmatic (Tur-SnG) and hydrothermal (Tur-SnV) tourmaline in the Jurassic Sn-mineralized biotite granite (ca. 155 Ma). Tur-WV and Tur-SnV have lower Fe3+/(Fe2+ + Fe3+) ratios than those of Tur-WG and Tur-SnG, suggesting that W-Sn mineralization occurred in a relatively reducing environment. In addition, the δ11B values of all four types of tourmalines are similar, suggesting that the ore-forming fluids were primarily exsolved from the granitic magma. Significant chemical variations (e.g., Mg, Fe, Sc, V, Ni, and REEs) between Tur-SnG and Tur-SnV may have been resulted from fractionation and intense ore fluid-wall rock reactions. In contrast, Tur-WG has similar chemical compositions to Tur-WV, suggesting that the Triassic W mineralization may have undergone a magmatic-hydrothermal process with little ore fluid-wall reaction. Tur-SnV has exceptionally high F content, which could enhance the Sn solubility and enrichment. This explains the low Sn content of granitic magmas with large-scale Jurassic tin mineralization. Considering that W has a large melt-fluid partition coefficient, we conclude that in the Triassic, W is enriched in the exsolved fluid from the granitic magma and precipitated with temperature drop. This may have caused the decrease in W content in the protolith and limited the Jurassic W mineralization. Subsequently, the mantle-derived F addition along the Chenzhou-Linwu fault in the Jurassic had led to Sn enrichment in the fluids, and mineralization is triggered by temperature drop and fluid-rock reactions. Eventually, the extensive Triassic W mineralization and Jurassic Sn mineralization exhibit the separation of tungsten-tin mineralization. The separated tungsten-tin mineralization model based on different volatile components could also be applicable to other tungsten-tin metallogenic belts.