Electron paramagnetic resonance spectra, absorption spectra, cathodoluminescence spectra and infrared spectra of sphalerite from the Lechang remoulded sedimentary lead-zinc deposit have been studied so as to provide microscopic evidence for the formation conditions and mineralization stages of the deposit as well as the geochemical processes of mineralization. On the basis of thermodynamic calculations, the stable fields of sphalerite from different mineralization stages were determined and are shown in logfs_2-logfo_2 diagrams; furthermore. the physico-chemical conditions of mineralization and the properties of mineralization solutions are discussed so that reliability of the genetic information provided by the spectroscopy of sphalerite may also be verified. It is suggested that the temperature and pH value of the mineralization system decrease, and so do the fugacities of O_2, S_2, H_2. and H_2S and the activities of HS~- and SO_4~(2-) from the early to late stages of minerahzation.