Ore‐forming process within the Hongyuan reduced porphyry Mo–Cu deposit, West Junggar, NW China

The Hongyuan porphyry Mo–Cu deposit (PMCD) is a rare example of a “reduced” deposit, in contrast to classical oxidized porphyry Cu or Mo–Cu deposits. It is characterized by an ilmenite–series I–type felsic granitoid intrusion, reduced ore‐forming fluids with methane‐rich fluid inclusions, and widely distributed primary pyrrhotite. Mo–Cu mineralization in the Hongyuan PMCD occurs as disseminated in porphyry, granular in miarolitic cavity, and vein‐type in the quartz vein. These three types of mineralization are generally produced in the late magmatic period, magmatic‐hydrothermal transition period, and hydrothermal period, respectively. Molybdenite from miarolitic cavities shows a greater contribution from mantle fluid, as evidenced by mantle He proportions of 37.6%–16.8%. Molybdenite in quartz veins has relatively lower mantle He proportions of 1.63%–10.5%, indicating a predominantly crustal fluid source. The 3 He/ 4 He variations of these two groups of molybdenite illustrate an increasing input of crustal fluid during the magmatic to hydrothermal transition. Molybdenite samples from miarolitic cavities and quartz veins yield a Re‐Os model age of 300.5 ± 3.7 Ma, which is consistent with the U–Pb ages of zircons in the wallrock porphyries (300–302 Ma). This further indicates simultaneous diagenesis accompanied by mineralization. The Sr–Nd isotopic compositions (initial 87 Sr/ 86 Sr: 0.703404–0.703552; initial 143 Nd/ 144 Nd: 0.512585–0.512655; ε Nd [ t ]: +6.56 to +7.90) and young T 2DM model ages (421–531 Ma) of the Hongyuan porphyries suggest that these rocks were derived from partial melting of the basaltic lower crust. We propose that mantle‐derived fluids rose up and mixed with fluids from the lower crust under an extensional tectonic setting, forming mantle‐like Sr–Nd–He–Ar isotopic compositions. The pre‐mineralization stage of the Hongyuan reduced PMCD is marked by quartz‐molybdenite ± K‐feldspar ± pyrite veins or veinlets and miarolitic cavities in the intensively potassic alteration zone. These veins formed at high temperatures (400–476°C) and high salinities (47.5–56.6 wt.%). The syn‐mineralization stage is the main metallogenic stage represented by numerous quartz‐molybdenite ± pyrrhotite veins associated with moderate to high temperatures (248°C–424°C) and low to high salinities (1.57–50.1 wt.%). The post‐mineralization stage is characterized by low temperatures (104–270°C) and low salinities (0.35–8.81 wt.%). Fluid immiscibility, mixing with meteoric water, ore fluid‐wall rock interactions, and decreasing temperature and salinity have played important roles during molybdenum mineralization.