The Huaishuping gold deposit is located in the Xiong’ershan Mountains of the Qinling-Dabie Orogen of central China. The mineralisation is structurally controlled and hosted by faulted rhyolite, quartz andesite, volcaniclastic rocks and volcanic breccia assigned to the Jidanping Formation towards the top the Palaeoproterozoic Xiong’er Group. The deposit has a resource of around 32 t with an average grade of 5.5 g/t Au. Alteration at the deposit progressed from an early K-feldspar–quartz–pyrite assemblage through quartz–pyrite–gold, quartz–base-metal sulfides, to a late-stage assemblage of quartz–carbonate. The δ34S (V-CDT) values for pyrite in the ore range from − 13.3 to + 1.6‰. The calcite has C-isotopes ranging from − 6.1 to + 2.5‰ (V-PDB) and O-isotopes from + 10.6 to + 15.8‰ (V-SMOW). The δ18O quartz ranges from 10.5 to 15.1‰, and the δD values for fluid inclusions in quartz range from − 93 to − 76‰. The δ56Fe value for the mineralisation varies between 0.1 and 0.5‰ with corresponding δ57Fe values between 0.2 and 0.7‰. The isotope systematics indicates that the hydrothermal fluids were derived from metamorphic fluid, but the source of gold remains uncertain. Re–Os dating of molybdenite yields a date of 202 ± 8 Ma interpreted as the age of the gold mineralisation. This age is consistent with the Triassic onset of extensional tectonics following the collision between North and South China.