At Neavesville gold-silver (electrum) mineralization occurs in steeply-dipping zones of intense fracturing, brecciation and quartz veining within rhyolitic pyroclastics, carbohaceous shales and andesites. Hydro- thermal alteration extends over an area of greater than 3 by 1.5 km. In rhyolitic tuffs, highly silicified zones containing quartz- adularia-illite assemblages are flanked by less silicified assemblages composed of albite, illite-montmorillonite and chlorite. The mineralogy ana sequence of alteration are comparable with the alteration zones which envelop the steam-producing fissures of the active Wairakei and Broadlands geothermal fields. Primary fluid inclusions in quartz from five fissure veins in the Neavesville field show maximum homogenisation temperatures ranging from 220 - 260C and salinities of 0.0 - 1.1 wt. % NaCl equivalent, which cover a similar range to actual measured temperatures and salinities in geothermal fluids at Wairakei aria riroaolans. The age of the rhyolitic pyroclastics and related alteration and mineralization is probably Pliocene and Neavesville therefore represents a fossil geothermal system.