The Zhongshangou deposit, located in the Zhang-Xuan ore concentration area, Hebei Province, China, is a representative Te-rich gold deposit related to alkaline intrusion. For the purpose of revealing the ore-forming characteristics, a comprehensive study was conducted on the ore deposit geology, fluid inclusions, laser Raman spectroscopy, and isotopes of H, O, C, S, and Pb. Fluid inclusion data and laser Raman spectroscopy indicate that the fluids responsible for Au-Te mineralization belong to a H2O-CO2-NaCl system, characterized by medium temperatures and low salinities. The hydrogen (SD =-98.1 %o to-78.7 %o) and oxygen (S18OSMOW =-7.5 %o to 12.5 %o) data suggest that the ore fluids of Zhongshangou were originally magmatic sourced. The S13CV-PDB values of calcite samples (0.7 %o to 1.9 %o) overlap with those of igneous carbon, and the S13CV-PDB values of CO2 extracted from fluid inclusions also show similar characteristics to mantle-derived fluids (-16.9 %o to-13.2 %o). The S34S values of mineralization-associated sulfides have a large range of variations (-19.1 %o to-5.3 %o), implying that the physical and chemical conditions for mineralization have undergone drastic changes. These abrupt fluctuations in ore-forming geochemistry are conducive to anomalous gold enrichment and its coexistence with tellurium. The 206Pb/204Pb, 207Pb/204Pb, and 208Pb/204Pb ratios of mineralization-associated sulfides are 17.24 to 18.08, 15.42 to 15.64, and 37.17 to 38.55, respectively, overlapping with those of deeply sourced alkaline rocks. Similar ore-hosting rocks, mineral assemblages, fluid inclusion types, and comparable stable isotope compositions suggest that the Dongping and Zhongshangou deposits have a common origin and formed in a simultaneous magmatic hydrothermal system.