Systematic field evaluation of known gold and clay occurrences in South Korea has led to the recognition and discovery of both high and low sulphidation gold-silver epithermal systems. These are associated with Cretaceous acid-intermediate volcanic centres in the southern parts of the peninsula. The high sulphidation deposits such as Seongsan and Kohung are characterised by pervasive silica-alunite-dickite-pyrophyllite alteration with anomalous arsenic geochemical signatures. Gold mineralisation is associated with fine grained marcasite and pyrite. A low sulphidation quartz vein system observed at the Tongyoung mine comprises multistage colloform banded quartz-carbonate assemblages, with minor manganese and base metals. Gold and silver occur as electrum and tellurium minerals. Some deposits such as Gasado and Dogcheon display both high and low sulphidation alteration assemblages. Early pervasive silica-alunite-pyrophyllite alteration caps formed by acid fluids with a significant magmatic component, occur above cryptocrystalline colloform banded vein systems. The quartz vein stage hosts the precious metal mineralisation and appears to have been deposited by later neutral fluids generated in part through mixing with meteroric water.