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Reservoir spaces, such as vesicles, 'secondary' amygdales, dissolution caverns and geodes, are widely developed in the Emeishan basaltic lavas in the Zhoudaping section, Leshan, west Sichuan, China. The dissolution characteristics, cementation sequences, hydrothermal activity stages, as well as fluid types, and their effects on the reservoir capacity were investigated for each stage. Macroscopically, the dissolution features present as irregular dissolution zones, which are characterised by a light red colour. Microscopically, in the dissolved zone, the cementation-filling minerals are associated with complex fill sequences, such as quartz/laumontite/chlorite–chlorite/saponite–epidote/celadonite–cryptocrystalline chlorite–laumontite/calcite/quartz. The U–Pb geochronology shows that the age of chlorite fill in amygdales is 235.3 ± 19.6 Ma; the coarse-crystalline quartz inside dissolution caverns/geodes, 124.47 ± 5.63 to 123.84 ± 5.63 Ma; and the siliceous mineral-filled amygdales, 118.34 ± 3.70 to 114.08 ± 3.76 Ma, which correspond to the early Late Triassic and the mid–late Early Cretaceous, respectively. Combined with geochemical characteristics of post-dissolution fill, the amygdales are affected by two stages of hydrothermal activity: chlorite filling of the amygdales corresponds to post-magma hydrothermal fluids during the early Late Triassic, and the siliceous mineral-fill in amygdales corresponds to deep-sourced hydrothermal fluids during the mid–late Early Cretaceous. The geodes/dissolution caverns result from a single stage of hydrothermal activity related to the mid–late Early Cretaceous deep-source low-temperature hydrothermal fluid. The Late Triassic post-magma hydrothermal fluids are generally destructive to pores, and tectonic-related dissolution of deep-sourced hydrothermal fluids has a positive effect on the formation of reservoir spaces, greatly enhancing fluid storage and flow capacities of the volcanic lavas. We recommend the multi-stage hydrothermal dissolution during Late Triassic–Early Cretaceous and faults, fractures and columnar joints be the focus of hydrocarbon exploration. The reservoir spaces developed in the Zhoudaping section, such as amygdales, dissolution caverns and geodes, were controlled by different stages and types of hydrothermal alteration. Amygdales are the product of two hydrothermal events, which correspond to post-magma hydrothermal fluids during the early Late Triassic and the deep-sourced hydrothermal fluids of the mid–late Early Cretaceous. Geodes/dissolution caverns are affected by deep-source low-temperature hydrothermal fluids in the mid–late Early Cretaceous. The multi-stage hydrothermal dissolution during the Late Triassic–Early Cretaceous and faults, fractures and columnar joints should be the focus of hydrocarbon exploration. [ABSTRACT FROM AUTHOR]