Starting from substituted racemic lactols, the combination of organo/gold catalytic system works extremely well providing epimeric bicyclic O,O-acetals as 5,6-, and 6,6-fused ring systems in good isolated yield with excellent enantioselectivities as pure diastereomers only after simple chromatographic purification. To highlight the synthetic potential, several oxygen-containing heterocycles were prepared smoothly via a diversityoriented sequential process with high regio-and stereoselectivity, which are important structural units found in natural products and bioactive unnatural molecules.