The McArthur lead-zinc-silver deposit is of the stratiform type. It consists essentially of a mineralized bituminous shale sequence that incorporates tuffites, numerous graded beds, and isolated but massive slump breccia horizons.The principal sulphides are' pyrite, sphalerite, and galena. These occur mostly in the shales. The accompanying turbidites contain only minor mineralization.The geochemistry of the deposit has been investigated in relation to the stratigraphic column and mineralogy of the sediments.A sedimentary origin is proposed for the deposit. Volcanism, thermal spring activity, salinity, regional faulting, and climate are examined as possible factors that may have contributed to sulphide formation and which could be used as criteria for mineral exploration.The metallurgy 'of the McArthur deposit is discussed in terms of its geological history.