The gold-silver deposits in the Casado district were formed in the sheeted and stockwork quartz veins which fill the fault fractures in volcanic rocks. K-Ar dating of alteration sericite (about 70 Ma) indicates a Late Cretaceous age for ore mineralization. These veins are composed of quartz, adularia, carbonate, and minor of pyrite, sphalerite, chalcopyrite, galena, Ag-sulfosalts (argentite, pearceite, Ag-As-Sb-S system), and electrum. These veins are characterized by chalcedonic, comb, crustiform and feathery textures. Based on the hydrothermally altered mineral assemblages, regional alteration zoning associated with mineralization in the Gasado district is defined as four zones; advanced argillic (kaolin mineral-alunite-quartz), argillic (kaolin mineral-quartz), phyllic (quartz-sericite-pyrite) and propylitic (chlorite-carbonate-quartz-feldspar-pyroxene) zone. Phyllic and propylitic zones is distributed over the study area. However, advanced argillic zone is restricted to the shallow surface of the Lighthouse vein. Compositions of electrum ranges from 14.6 to 53.7 atomic % Au, and the depositional condition for mineralization are estimated in terms of both temperature and sulfur fugacity: T=245。$~285^{circ}C$, logf $s_2$=$10^{-10}$ ~ $10^{-12}$ Fluid inclusion and stable isotope data show that the auriferous fluids were mixed with cool and dilute (158。~253$^{circ}C$ and 0.9~3.4 equiv. wt. % NaCl) meteoric water ($delta^{18}$ $O_{water}$=-10.1~8.0$ extperthousand$, $delta$D=-68~64$ extperthousand$). These results harmonize with the hot-spring type of the low-sulfidation epithermal deposit model, and strongly suggest that Au-Ag mineralization in the Gasado district was formed in low-sulfidation alteration type environment at near paleo-surface.