This study analyzed precipitation environment, heavy metal contamination, and mineral composition of white, reddish brown and mixed precipitates occurring at the Osip stream drainage, Gangwondo. Furthermore, spectral characteristics of the precipitates associated with heavy metal contamination and mineral composition was investigated based on spectroscopic analysis. The pH range of the precipitates was 4.43-6.91 for white precipitates, 7.74-7.94 for reddish brown precipitates, and 7.59-7.9 for the mixed precipitates, respectively. XRF analysis revealed that these precipitates were contaminated with Ni, Cu, Zn, and As. The white precipitates showed high Al concentration compared to reddish brown precipitates as much as 3.3 times, and the reddish brown precipitates showed high Fe concentration compared to white precipitates as much as 15 times. XRD analysis identified that the mineral composition of the white participates was aluminocoquimbite, gibbsite, quartz, saponite, and illite, and that of reddish brown precipitates was aluminum isopropoxide, kaolinite, goethite, dolomite, pyrophyllite, magnetite, quartz, calcite, pyrope. The mineral composition of the mixed precipitates was quartz, albite, and calcite. The spectral characteristics of the precipitates was manifested by gibbsite, saponite, illite for white precipitates, goethite, kaolinite, pyrophyllite for reddish brown precipitates, and albite for the mixed precipitates, respectively. The spectral reflectance of the precipitates decreased with increase in heavy metal contamination, and absorption depth of the precipitates indicated that the heavy metal ions were adsorbed to saponite and illite for white precipitates, and goethite and magnetite for reddish brown precipitates.