The invention discloses a water-passing durable type brake pad and a preparation method thereof. The water-passing durable type brake pad comprises raw materials of RK-150 basalt fibers, boron-modified phenolic resin, friction powder, barium sulfate, calcium sulfate whiskers, glass fibers, magnesium hydroxide, magnesium oxide, steel fibers and nitrile butadiene rubber. Through mixing, die-filling,pressurized heating, pulling out of a die, heat treatment, cutting, polishing and drilling, the prepared brake pad is more durable and high in strength, has the relatively stable friction coefficientand is not liable to crack, and the service life of the brake pad is not less than five months.