Located in the easternmost part of Early Paleozoic Chaganobo-Aououte-Chaobuleng tectono- magmatic belt along the southeastern edge of the Siberian plate, 1017 highland Ag polymetallic deposit in Dong Ujimqin Banner, Inner Mongolia is a small deposit which has been discovered in recent years and has close relationship with middle-stage Hercynian magmatic rocks. The ore bodies mainly occur in sandstone of the Upper Devonian Angeeryinwula Formation and monzonitic granite of the middle-stage Hercynian and the commercial types of ore include quartz-vein type and altered- monzonitic granite type. 40Ar-39Ar dating of sericite from altered rock, yield a plateau age of (301.2±1.8) Ma (2σ) an isochron age of (300.2±3.1) Ma (2σ) and an inverse isochron age of (300.0±3.5) Ma (2σ). The result indicates that 1017 Highland Ag polymetallic deposit formed in the middle-stage Hercynian, which was the first silver, lead and zinc metallogenic peak in Dong Ujimqin Banner region and geodynamically corresponded to the subduction of paleo-Asian oceanic crust underneath the Siberian plate.