Detailed fluid geochemistry studies on hydrothermal quartz veins from the Rouyn-Noranda and Val-d’Or areas along the transcrustal Cadillac Tectonic Zone (CTZ) indicate that unmineralized (with respect to gold) sections of the CTZ contained a distinct CO2-dominated, H2S-poor hydrothermal fluid. In contrast, both gold mineralized sections of the CTZ (e.g., at Orenada #2) and associated higher order shear zones have a H2O–CO2 ± CH4–NaCl hydrothermal fluid. Their CO2/H2S ratios indicate H2S-rich compositions. The Br/Cl compositions in fluid inclusions trapped in these veins indicate that hydrothermal fluids have been equilibrated with the crust. Oxygen isotope ratios from hydrothermal quartz veins in the CTZ are consistently 2‰ more enriched than those of associated higher order shear zones, which are interpreted to be a function of greater fluid/rock ratios in the CTZ and lower fluid/rock ratios, and more efficient equilibration of the hydrothermal fluid with the wall rock, in higher order shear zones. An implication from this study is that the lower metal endowment of the transcrustal CTZ, when compared with the higher metal endowment in higher order shear zones (ratio of about 1: 1000), may be the result of the lack of significant amounts of H2O–H2S rich fluids in most of the CTZ. In contrast, gold mineralization in the higher order shear zones appear to be controlled by the high H2S activity of the aqueous fluids, because gold was likely transported in a bisulfide complex and was deposited during sulfidation reactions in the wall rock and phase separation in the quartz veins.