Genesis and evolution of the Pierina high-sulphidation epithermal Au-Ag deposit, Ancash, Peru

The Pierina high-sulphidation epithermal Au-Ag deposit is located in the Cordillera Negra of north-central Peru, ∼ 5km north of the coeval intermediate-sulphidation Ag--base metal Santo Toribio deposit, and in rocks of the Calipuy Supergroup. The deposit contains ∼ 8 M oz Au, hosted in non-refractory iron oxides and, with heap-leach extraction, is one of the lowest-cost Au producers in the world.;Stage II sulphide-barite mineralization introduced gold and silver, hosted submicroscopically in the disseminated high-sulphidation pyrite-enargite assemblage. Precipitation occurred from a low-to-medium - salinity magmatic fluid that mixed with meteoric waters at the site of ore deposition.;A 14.1 Ma 40Ar/39Ar age for supergene alunite records the rapid incursion of meteoric waters into the deposit. The resulting oxidation of sulphides to schwertmannite, goethite, and hematite was facilitated by microbes, recorded by the stable-isotopic compositions of supergene barite+acanthite. Schwertmannite is enriched in Au and Ag and is the main precious-metal host.;Regional pedimentation is inferred to have initiated retrograde boiling of the source magma chamber at 15 Ma, with renewed magma incursion triggering major alteration at 14.4 Ma. Both events involved the exsolution of an SO 2-rich vapour and a more saline aqueous fluid. The latter migrated to Santo Toribio generating phyllic alteration and intermediate-sulphidation mineralization, whereas the SO2-rich vapours caused pyrite-bearing feldspar-destructive alteration along fluid pathways during ascent to Pierina. The subsequent single-phase, H2S-rich mineralizing fluid exsolved from the retracting magma at higher pressures. Vapour contraction during ascent along altered, unreactive pathways minimized the loss of S- and H+, optimizing the transport of Au as AuHS0. Watertable displacement resulting from pediment incision promoted the flow of groundwater into the epithermal environment where mixing with magmatic fluids precipitated gold. Supergene oxidation optimized conditions for microbial activity, a critical factor in the generation of economic mineralization.;Stage Ia (15 Ma) and Ib (14.4 Ma) advanced-argillic alteration formed from mixed magmatic and meteoric waters. The main, 14.4 Ma event produced vuggy quartz alteration, focussed in a 16.9 Ma dacitic pumice-lithic tuff, and surrounded by quartz-alunite, quartz-dickite, and illite-montmorillonite alteration zones, the product of increased meteoric water contributions towards the periphery of the deposit.