Carbonaceous material (CM) is common in meta-sediments and is generally interpreted to be intimately associated with gold mineralization. For the Bumo deposit in Hainan Province, South China, CM is mainly hosted by greenschist facies- to amphibolite-facies metamophic rocks of the Paleo- to Mesoproterozoic Baoban Group and by auriferous veins and is used as an important gold prospecting indicator. However, the genesis of CM and the relationship with gold mineralization are still not clear. Field work and thin section observation indicates that two types of CM occur, i.e., layered and veinlet. Layered CM, up to meters thick, prevails in the deposit. More importantly, Au-bearing sulfides are commonly distributed along the boundary between the quartz veins and layered CM. In contrast, veinlet CM, co-precipitated with gold and sulfides, has the thickness of micro- to centi- meters, and these thin veins occur in quartz veins and hydrothermally altered rocks. Scanning Electron Microscope (SEM) analysis indicates that layered CM has a stringy shape and laminate structure, while veinlet CM occurs as isometric particles. Raman carbonaceous material geothermometer indicates that layered CM with high maturity is formed at elevated temperatures of 400 – 550°C, consistent with X-ray diffraction (XRD) analysis. In contrast, veinlet CM with low maturity is formed at 200 – 350°C, generally consistent with gold mineralization. In addition, layered CM has δ13C values ranging from -30 to -20%, demonstrating a biogenic origin. Consequently, it is interpreted that layered CM is formed by a pre-ore metamorphic event during Caledonian, and its reducing nature promotes gold precipitation via destabilization of aqueous Au bisulfide complexes or facilitating sulfidation. Veinlet CM is hydrothermal origin, and its precipitation modified the chemical conditions of ore fluids, leading to the destabilization of Au complexes and thus favorable for mineralization.