The Beebe Vent Field (BVF) is the world's deepest known hydrothermal system, at 4960 m below sea level. Located on the Mid-Cayman Spreading Centre, Caribbean, the BVF hosts high temperature ( 4018C) ''black smoker'' vents that build Cu, Zn and Au-rich sulfide mounds and chimneys. The BVF is highly gold-rich, with Au values up to 93 ppm and an average Au:Ag ratio of 0.15. Gold precipitation is directly associated with diffuse flow through ''beehive'' chimneys. Significant mass-wasting of sulfide material at the BVF, accompanied by changes in metal content, results in metaliferous talus and sediment deposits. Situated on very thin (2-3 km thick) oceanic crust, at an ultraslow spreading centre, the hydrothermal system circulates fluids to a depth of 1.8 km in a basement that is likely to include a mixture of both mafic and ultramafic lithologies. We suggest hydrothermal interaction with chalcophile-bearing sulfides in the mantle rocks, together with precipitation of Au in beehive chimney structures, has resulted in the formation of a Au-rich volcanogenic massive sulfide (VMS) deposit. With its spatial distribution of deposit materials and metal contents, the BVF represents a modern day analogue for basalt hosted, Au-rich VMS systems.