The Shabaosi gold field is located in the western Mohe Basin, part of the northern Great Xing’an Range, NE China, and contains multiple gold deposits. However, the sources of the ore-forming materials, the fluid evolution, and the genesis of these gold deposits have been disputed, especially regarding the classification of these deposits as either epithermal or orogenic gold systems. Based on detailed field geological investigations and previous research, we conducted systematic research on the Shabaosi, Sanshierzhan, Laogou, and Balifang gold deposits using fluid inclusion and H-O-S-Pb isotope data, with the aim of constraining the fluid properties, sources, and mineralization processes. Fluid inclusion analyses reveal diverse types, including vapor-rich, vapor–liquid, CO₂-bearing, CO₂-rich, and pure CO₂. Additionally, only a very limited number of daughter mineral-bearing fluid inclusions have been observed exclusively in the Laogou gold deposit. During the early stages, the peak temperature primarily ranged from 240 °C to 280 °C, with salinity concentrations between 6 and 8 wt% NaCl equiv., representing a medium–low temperature, low salinity, and a heterogeneous CO₂-CH₄-H₂O-NaCl system. With the influx of meteoric water, the fluids evolved gradually into a simple NaCl-H₂O system with low temperatures (160–200 °C) and salinities (4–6 wt%). The main mineralization stage exhibited peak temperatures of 220–260 °C and salinities of 5–8 wt% NaCl equiv., corresponding to an estimated formation depth of 1.4–3.3 km. The δD_V-SMOW values (−138.3‰ to −97.0‰) and δ¹⁸O_V-SMOW values (−7.1‰ to 16.2‰) indicate that the magmatic–hydrothermal fluids were progressively diluted by meteoric water during mineralization. The sulfur isotopic compositions (δ³⁴S = −0.9‰ to 1.8‰) and lead isotopic ratios (²⁰⁸Pb/²⁰⁴Pb = 38.398–38.579, ²⁰⁷Pb/²⁰⁴Pb = 15.571–15.636, and ²⁰⁶Pb/²⁰⁴Pb = 18.386–18.477) demonstrate that the gold predominantly originated from deep magmatic systems, with potential crustal contamination. Comparative analyses indicate that the Shabaosi gold field should be classified as a epizonal orogenic gold system, which shows distinct differences from epithermal gold deposits and corresponds to the extensional tectonic setting during the late-stage evolution of the Mongol–Okhotsk orogenic belt.