Electron probe micro-analysis (EPMA) and scanning electron microscopy (SEM) equipped with energy dispersive spectrometry (EDS) have been used to investigate the principal ore minerals and coexisting metallic mineral inclusions in polished thin sections from the Tiegelongnan deposit, which consists of a high-sulfidation epithermal system (HSES) and a porphyry system (PS). Molybdenite, chalcopyrite, bornite, tennantite, enargite, digenite, anilite, covellite, and tetrahedrite have been identified by EPMA. Intergrowth, cross-cutting and replacement relationships between the metallic minerals suggest that molybdenite formed first (stage 1), followed by chalcopyrite ± bornite ± hematite (stage 2), then bornite ± Cu-sulfides ± Cu-Fe-sulfoarsenides (stage 3), and lastly Cu-Fe- sulfoarsenides ± Cu- sulfides (stage 4). Pyrite is developed throughout all the stages. Droplet-like inclusions of Au-Te minerals commonly occur in tennantite but not in the other major sulfides (molybdenite, chalcopyrite and bornite), implying that tennantite is the most important Au telluride carrier. The pervasive binary equilibrium phases of calaverite and altaite constrain fTe2 in the range from ~?6.5 to ~?8 and fS2 < ?11. The intergrowth of bornite and chalcopyrite and the conversion from bornite to digenite suggest fluctuated and relatively low precipitation temperature conditions in the HSES relative to the PS. Contrastingly, the dominance of chalcopyrite in the PS, with minor bornite, suggests relatively high temperature conditions. These new results are important for further understanding the mineral formation processes superimposed by HSES and PS systems.