Unusual orange ochre crusts were recently discovered in Crovassa Ricchi in Argento Cave (San Giovanni Mine, SW Sardinia). These speleothems appear covering the cave walls on hydrothermal calcite spars as well as fill-ing widened spaces between calcite crystals. Planar crusts display geometrical forms following the bound-aries between the calcite spars. EDX–SEM microanalyses reveal that these deposits comprise substances of Fe, Mn, Pb, Zn and O that occur as solid inclusions in pits on the surface of altered calcite microcrystals. Micro-Raman spectroscopy analyses suggest the presence of calcite and ferromanganese oxides with a low degree of crystallinity. The genetic mechanism proposed for these speleothems describes an initial stage of precipitation of euhedral calcite crystals from warm water under subaqueous conditions. The crystal surfaces were eroded and corroded by colder aggressive water that smoothed the surfaces of the crystals and slightly widened the spaces between calcite spars. Metal-rich mud coming from alteration of bedrock and ore bodies filled the cave, also penetrating along the spaces between the calcite spars. When the water table fell below the cave level, part of the sediments was eroded but the cave walls remained covered with metal-rich clayey sediments. Under aerobic conditions, metals – which were reduced in previous stages – oxidized to oxides, lowering the pH and thus the crystal surface and the calcite planes between the spars were corroded. Subse-quently, the polymetallic crusts became harder through evaporation within the cave, "fossilizing" the prod-ucts of this process within the planes between spars. Finally, the exposed calcite surfaces continued to be altered due to CO 2 diffusion into condensation water, while the boundaries between crystals were preserved against corrosion thanks to the crust coating. As a result, the external crystal edges protrude by several cen-timeters from the current cave wall, while the crystal surfaces are depressed, giving rise to calcite "ghosts".