China’s W–Sn resources are dominant on a global scale. A series of Sn–polymetallic deposits has been found in recent years at depth on the flanks of known volcanic–subvolcanic Cu–Pb–Zn–Ag deposits in the Southern Great Xing’an Range, NE China. The large-scale Weilasituo tin–polymetallic deposit, formed at the depth of the Weilasituo Cu–Zn deposit, is most typical of these types of deposit. Tin–polymetallic orebodies are hosted in the early Paleozoic Xilingol Complex, and their mineralization is closely related to Early Cretaceous quartz porphyry. In this contribution, bulk-rock and mica chemical compositions, Re–Os geochronology, and He–Ar isotopic analyses are described in addressing the ore-formation mechanism of the deposit. Geochemical characteristics indicate that the ore-bearing quartz porphyry corresponds to the I-type granite serie. Five types of mica have been identified in the study area based on detailed petrography and EPMA and LA–ICP–MS analyses: (i) early magmatic Fe–Li mica in albitized quartz porphyry; (ii) late magmatic Fe–Li mica in mineralized quartz porphyry; (iii) hydrothermal Fe–Li mica in a cryptoexplosive breccia pipe (distributed around breccia fragments); (iv) Fe–Li mica in quartz veins; and (v) Fe–Li mica in plagioclase gneiss (wall rock). Magmatic zinnwaldite from the upper mineralized part of the quartz porphyry is enriched in Nb (100–160 ppm) and Ta (100–150 ppm). Hydrothermal zinnwaldite from the explosive breccia, quartz veins, and surrounding gneiss is unusually rich in Mg (up to 3.4 wt% MgO) and Sn (up to 200 ppm). 3He/4He ratios of the Weilasituo tin–polymetallic and Cu–Zn deposits are in the ranges 3.38–4.91 Ra and 4.8–4.9 Ra, respectively, indicating ore-forming fluids sourced from mixed crustal and mantle materials. Molybdenite Re–Os dating of W mineralization yielded an isochron age of 129.0 ± 4.6 Ma, similar to the porphyry crystallization and mineralization ages of the Weilasituo tin–polymetallic deposit, and also consistent with the mineralization age of the Cu–Zn deposit. We propose a new metallogenic model, with all subtypes of W–Sn–Cu–Pb–Zn–Ag mineralization in the Weilasituo area belonging to a single complex metallogenic system. Compared with other ore districts, ore-related granitoids in the Southern Great Xing’an Range display relatively uniform emplacement ages and were derived from partial melting of juvenile lower crust rather than old basement. Their ore-forming fluid source was greater influenced by mantle fluids than which found in South China.