ABSTRACTCarboniferous granitoids in central Stewart Island host two metalliferous hydrothermal systems that formed during emplacement of the c. 306 ± 2 Ma old Euchre Pluton and 303 ± 2 Ma Hill 267 leucogranitoid, respectively. The Ogles Creek–Silvertown Hydrothermal System (OST) on the eastern side of South West Arm, Paterson Inlet is centred on the scheelite-bearing, ilmenite-syenogranite core of the Euchre Pluton. Here pyritic-potassic alteration and related veins contain Mo, Bi, Ag, Co, Cu, W, Pb, Zn, U–Th and rare Earth element (REE) sulphide, telluride, oxide and phosphate minerals. Peripheral quartz-rich veins contain various Ag, Au, Pb and Zn-bearing sulphide, telluride and oxide minerals. The Hill 267 Hydrothermal System (HHS) is centred on the ridge between the Scott Burn and Forked Creek where strongly altered leucogranitoid riddled with miarolitic cavities contains pyrite, W- and Nb-bearing rutile, molybdenite, tourmaline and 2–10 times background Bi, Ag, Te, Cu and Se. More prospective parts of both systems have probably been removed by erosion, but less deeply eroded correlative hydrothermal systems may be present elsewhere in New Zealand near the outboard margin of the Takaka Terrane.