Changkeng Au-Ag deposit is a newly-discovered new type precious metal deposit. N_2-Ar-He systematics studies and ~3He/~4He and δD-δ~(18)O composition analyses show that the ore-forming fluid of the deposit is composed mainly of formation water (sedimentary brine) but not of meteoric water, which was thought to be source of the ore-forming fluid by most previous researchers. The content of mantle-derived magmatic water in the ore-forming fluid is quite low, usually lower than 10%. According to the source of the ore-forming fluid, the Changkeng Au-Ag deposit should belong to sedimentary brine transformed deposits. From the Late Jurassic to the Early Cretaceous Period, with deposition and accumulation of thick sediments in Sanzhou Basin, the formation water in the sedimentary layers was expelled from the basin because of overburden pressure and increasing temperature. The expelled fluid moved laterally along sedimentary layers to the margin of the basin, and finally moved upward along a gently-dipping in N_2-Ar-He systematics studies and ~ 3He / ~ 4He and δD-δ ~ (18) O composition analyzes show that the ore-forming fluid of the deposit is composed mainly of formation water (sedimentary brine) but not of meteoric water, which was thought to be source of the ore-forming fluid by most previous researchers. The content of mantle-derived magmatic water in the ore-forming fluid is quite low , usually lower than 10%. According to the source of the ore-forming fluid, the Changkeng Au-Ag deposit should belong to sedimentary brine transformed deposits. From the Late Jurassic to the Early Cretaceous Period, with deposition and accumulation of thick sediments in Sanzhou Basin, the formation water was the sedimentary layers was of overpelled from the basin because of overburden pressure and increasing temperature. The expelled fluid moved laterally along the sedimentary layers to the margin of the basin, and finally moved upward along a gently-dipping in