The metallogenesis of subvolcanic deposits is controlled by subvolcanic activities. The copper polymetallic deposits are genetically related to intermediate-acid rocks, and the silver polymetallic deposits are more closely related to acid rocks. The abundance of Cu is relatively high in the intermediate-acid rocks and subvolcanic rocks, whereas the abundances of Pb, An and Ag are high in acid rocks, indicating rich ore-forming elements in original magmas. The study of REEs shows that the magmatic type related to copper deposits is the syntectic type, and that related to silver polymetallic deposits is mainly the re-melting type. The deposits were formed under medium-low temperatures and low salinity. The metallogenic times were the late stage of the early Yanshanian or the late Yanshanian, dating 78-147 Ma.