Saibagou gold deposit locates in Ⅱmetallogenic belt in rift in the northern margin of Qaidam basin. The ore bodies mainly distributed in ductile-brittle fracture structures with the trend of NW and NWW formed by Caledonian-Indosinian intracontinental orogeny. The property of ore bearing lithology is pyrite quartz vein, pyritization quartz schist, pyrite sericite quartzite ultramylonite and pyritized mylonite. The amount of gold metal in Saibagou gold deposit is 2.35t. It is a small deposit. There is still great ore prospecting potential in the deep part of this deposit.