The paper introduced Jinying gold surrounding rocks, the ore-bearing rock formations and mining structural characteristics, ore texture and structure, mineral assemblages, mineral formatiom order, cutting across containment relationship in veins. The deposit can be divided into four metallogenic stages, namely early silicified quartz-gold-gray pyrite stage; micro-fine-grained silicified quartz-gold-scattered disseminated pyrite stage; barite, chalcedony-gold-hematite phase and micro-gold-bearing fine-grained pyrite-marcasite superimposed metallogenic stage. And then, the authors discussed in detail the metallogenic stages of each of the specific characteristics of metallogenic stages.