The Hatu large gold deposit is located on the western margin of the Junggar basin, Xinjiang. Its mineralization is characterized by auriferous quartz veins and Au-bearing altered fracturing zones. Studies on mineralogy, inclusions and decrepitation temperature indicate that the gold deposit was formed by overlapping of two kinds of fluid of different origins, instead of gradual evolution of a single fluid. The auriferous quartz veins are related to magmatism-originated fluid, but the Au-bearing altered fracturing zones to deep-derived fluid. Bonanzas in quartz veins were formed and localized at overlapping positions of two types of fluid under intensive compression.