The Munro asbestos mine is hosted by a differentiated ultramafic sill of Archean age. Localized carbonate alteration at the mine has resulted from two separate episodes of CO2 metasomatism, and the fluids were unrelated. The first episode affected only the serpentinized peridotite and occurred at 250 °C. The fluid was a saline brine (up to 24 wt.% NaCl–CaCl2), and had an oxygen isotopic composition of −3‰, and δ13C was equal to −7.8‰. Calcite veins were emplaced into the overlying, fractured pyroxenite at approximately 300–400 °C during the second episode. The salinity of this fluid was only 1–5 equiv. wt.% NaCl, the oxygen isotopic composition was +7.5‰, and δ13C equaled −3 to −5‰. The first episode was probably associated with burial metamorphism (diagenesis) and the second episode with regional metamorphism. The widespread occurrence of two separate stages of CO2 metasomatism in the Abitibi belt and in other well-documented Archean terranes, such as the Norseman–Wiluna greenstone belt in Western Australia, suggests that this may be an important factor in the tectonic evolution and metamorphic history of Archean greensone belts.