Wangniangou iron deposit is a large sedimentary metamorphic type (Anshan type) low grade iron deposit. Hydrogeological conditions in this area belongs to middle type. Through hydrogeology survey, simple hydrological catalog of geological drilling holes, layered pumping test and hydrogeological survey of underground tunnels, hydrogeological characteristics and water filling source have been found out. Combining with actual water inflow of pits,by using "big well method" and "analogy method", normal water inflow and largest water inflow at different elevation have been predicated. It can provide reliable basis for ore exploration in deep part.