The Pulang copper deposit, formed in the Late Triassic, is the largest porphyry Cu-Mo-Au deposit in the eastern Tethys, and its genetic type and mineralization potential have received widespread attention. Identifying the characteristics of ore-forming fluids and the sources of ore-forming materials in the deep and peripheral ore bodies of Pulang is particularly important for constructing a complete porphyry copper mineralization system. Based on detailed core logging and geological observations, this article provides extensive petrographic, fluid inclusion micro-thermometry, laser Raman spectroscopy, and H-O-S isotope data on the veins of the main mineralization stage (B veins) in the first mining area and eastern ore section of the Pulang porphyry copper deposit. The genetic correlation between the eastern ore section and the first mining area is clarified, and their mineralization potential is inferred. The results indicate that the deep vein bodies in the first mining area exhibit multi-stage characteristics, and the fluid in B veins exhibits both high-temperature and salinity characteristics. The magma-derived early ore-forming fluids underwent processes such as boiling and experienced immiscibility during meteoric water mixing, which could be the primary mechanism of the precipitation of Cu, Mo, Au, and other metals. The outer eastern ore section is located in a medium-to-low-temperature hydrothermal mineralization zone far from the mineralization center. This outer eastern ore section is a distant part of the magmatic–hydrothermal system of the first mining area.