The Algtrask gold deposit and several low grade base metal deposits, e.g. the Tallberg porphyry deposit, are hosted by the Jam intrusive complex in the northern part of the Skellefte District, northern Sweden. The intrusive complex was emplaced at 1.89-1.86 Ga in a continental margin volcanic arc setting, and the oldest 1.89 Ga phase is coeval with volcanic rocks within the Skellefte Group, a complex volcano-sedimentary succession hosting numerous VMS deposits. The intrusive hosted deposits are associated with 1.88 Ga quartz-feldspar porphyritic intrusive rocks, which formed from 1.89 Ga recycled crust. Hence, it is interpreted that the intrusive hosted deposits formed when the arc was under transpression-compression, 10 Myr after the spatially related VMS deposits, which formed when the arc was under extension.