Copper and lead–zinc mineralization in basinal rocks worldwide commonly shows distinct spatiotemporal zonation. The Baiyangping deposit in the Lanping Basin, southwest China, is a large sediment-hosted polymetallic deposit that shows clear and pronounced zoning of Cu versus Pb-Zn mineralization. Here, we analyzed trace elements in pyrite and sphalerite and fluid inclusions in sphalerite, celestine, quartz, and dolomite to seek insights into the origins of the ore-forming fluids and the processes that govern the separation of Cu- from Zn-rich ores. We show that while the later Zn-rich mineralization is characterized by fluid inclusions showing typical hallmarks of basinal brine composition (low homogenization temperature < 230 °C, high salinity > 20 wt% NaCl eq., dominated by Na-K-Ca-Mg chlorides), the earlier Cu-rich mineralization shows markedly distinct composition that more closely resembles deeply-circulated water that has equilibrated with crystalline basement rocks (higher homogenization temperature of 210–280 °C, variable but lower salinity of ∼ 5–15 wt% NaCl, dominated by Na-K-Li chlorides). Pyrites formed during the earlier Cu-rich stage show elevated Cu, Co, Sb and Zn, while pyrites formed during the later Pb-Zn stage are more enriched in As, Pb and Mn. We interpret that the earlier-formed Cu-rich ores were deposited by deeply sourced fluids that ascended along basement-penetrating reverse faults, whereas the later Zn-rich ores were formed by subsequent circulation of fluid from within the basin, whose flux was promoted by shallower strike-slip faults. Hence, the two ore types reflect discrete pulses of chemically distinct hydrothermal fluids. We suggest that the evolving structural controls and fluid pathways during prolonged ore formation allowed sequential pulses of fluids that had acquired different metal budgets by equilibration with different sources. We suggest that this type of two-step process may be more common in sediment-hosted base metal deposits than single-fluid cooling sequential order of precipitation.
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