Abstract:On the basis of geological field survey, mineralogy and rock geochemistry of magmatic rocks and ore bodies have been studied in detail, and the origin of this deposit has been discussed as well. It is showed that main orehosting rocks are volcanic island arc basalts, which have similar REE patterns with magnetite. It indicates that there is a relation between them. Oreforming materials may be ironrich basaltic magma which were formed by asthenosphere during the subduction period of Beitianshan ocean to Yili plate. Affected by the subduction of oceanic blocks, ironrich basaltic magma intruded along Beitianshan deep shear belt, and experienced a certain amount of separation or crystallization assimilation effect. Finally, a series of evoluted basaltic crust(andesitic) magma has been formed in the middle crust, and the separation of ironrich silicate magma and lava magma occurred in the late stage. Meanwhile, augite in magmatic rocks turned into diopside affected by late magmatic hydrothermal alteration impact, occurred the absence of Si, Ca, Mg and enrichment of Fe, Al, Ti. It has promoted the enrichment of iron orebearing magma in a certain extent.