Gold is actively precipitating at grades up to 80 g/tonne at and near the surface of the Waiotapu geothermal system, located in the Taupo Volcanic Zone of New Zealand. Many characteristics of this active system makes it analogous to the environment deduced for epithermal precious metal mineralisation in the circum Pacific region._x000D_
The near surface area of the geothermal system is approximately 17 km2, caused to an extent by the upflow of deep, neutral pH fluids being deflected into a lateral flow of several km. This fluid has pervasively altered the rhyolite pyroclastic and ash deposits to an assemblage generally characterised by the term propylitic; major vein mineralisation is not observed. The temperatures at the 1100 m limit of drilling are 300C, and decrease to the surface along a boiling point curve._x000D_
Condensation of steam and H S (subsequently oxidised) at the surface (derived 2from deep boiling) results in the formation of heated acid sulphate waters. These have caused a shallow (50 m) cap of advanced argillic alteration._x000D_
Mixing of this oxidised condensate with the deep neutral pH fluid appears to be the principle cause of gold deposition from thiosulphide complexes. The major focus of gold mineralisation is in Champagne Pool, a hot spring which fills one of several 900 year old hydrothermal eruption craters.