The Rosita Hills contain rich, vein- and breccia pipe-hosted precious metal deposits. Volcanic activity occurred in two cycles - an early, mainly andesitic cone-building phase that terminated in the formation of a caldera and breccia pipes and a later phase characterised by trachytic lavas and dykes, rhyolite domes and lamprophyre dykes. Alteration consists of weak propylitic and argillic and, locally, intense advanced argillic, K-feldspar sericitic and silicic types. Marked trace-element depletions (Rb, Sr, Zn, Mn) are associated with K-feldspar-sericitic alteration and with advanced argillic alterations, whereas enrichments (Pb, Ag) are associated with K-feldspar-sericitic alteration. Gold distribution is highly localised and is controlled by breccia pipes and a caldera ring fault; it is not related to district scale alteration. In general, the geochemical and alteration patterns are complex, but they are clearly influenced by linear structures, the caldera ring fault and breccia pipes. Pipe-hosted Au-Ag and vein-hosted Ag mineralisation are associated, respectively, with early andesitic and late, post-caldera rhyolitic activity. The pipe-hosted and, especially, the vein-hosted mineralisation show affinities with adularia-sericite-type epithermal deposits