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Epithermal deposits (Au or Ag dominant,_x000D_
base metals) form within ~1 km of the surface in volcanic belts, both arcs and rifts, with the different tectonic settings reflected in distinctly different characteristics. Within arcs, deposits are typically intrusion centred and commonly associated with hypogene advanced argillic alteration, both in lithocaps and as halos to shallow or proximal portions of some veins; such alteration is coupled with processes that form porphyry Cu-Au deposits at depths of ~1-3 km. Introduction of metals is related to the subsequent phyllic-stage overprint; if this fluid rises to the level of the lithocap or into epithermal veins, Au mineralisation with Cu or Ag may occur, associated with sulfate minerals or muscovite. By contrast, Au-rich (both low Ag:Au ratio and bonanza grade) colloform quartz veins form at shallow depths in volcanic rifts, typically within a few hundred metres of the surface, with clay halos and topped by silica sinter if the palaeosurface is preserved. The geologic variability in volcanic belts, including host rocks, structures and hydraulic gradients, means that many epithermal deposits vary from the end-member features of the principal styles. Effective exploration requires familiarity with end-member styles as well as potential variations, plus the mineralogical indicators of palaeotemperature (eg evidence for erosion depth, fluid flow channels). This knowledge helps the geologist in the field to imagine what might be buried and where, and how to best test the target with drilling.CITATION:Hedenquist, J W, 2015. Recent developments in understanding of and exploration for epithermal deposits in volcanic arcs , in Proceedings PACRIM 2015 Congress, pp 11-16 (The Australasian Institute of Mining and Metallurgy: Melbourne).