///Liqingdi Ag polymetallic deposit is located in the southwestern suburbs of Wulanchabu City. It is controlled by Danaobao volcanic structure. Ore bodies are filling and replacement in NE and NW fractural zones and occur in pocket and lens. There are two ore zones and three ore sections in the deposit. The ore is characterized by horizontal element zoning such as Ag, Mn in the south, Pb, Zn in the middle and lower Ag and higher Cu, Au in addition to Pb, Zn in the north. According to the geological characteristics, the deposit is the low to moderate temperature hydrothermal filling metasomatic Ag polymetallic deposit related to volcanic magmatic process. In the paper, it also analyzes on the genesis and prospecting potential of the ore domains, the ore zones and the deposit.