The ore body, volcanic-submarine volcanic rock and other geological characteristics of silver polymetallic deposit in Youfangxi are discussed, also the genesis of this deposit is researched. Preliminarily view that the veined silver-lead-zinc ore body is controlled by northwest fault structures and volcanic structures, and the stratiform copper-molybdenum ore body is constrained by buried granite porphyry. The deposit is volcanoes, submarine volcanoes-porphyry deposit combinations which formed in the end of Late Jurassic-the beginning of Early Cretaceous.