Abstract:Zhaicun iron deposit is located in north of Jining anomaly——the largest magnetic anomay in Shandong Province. Geophysical prospecting, drilling and other exploration methods have been used to verify the anomaly in this area. 44 ore bodies have been found, and the total resource amount of (332 + 333) iron ore can exceed 1 billion tons. The ore bodies occurred in metamorphic rocks of Archean Jining group. Its covering is CambrianOrdovician strata. Ore bodies occurred as layered and bedded types. Its occurrence is consistent with the surrounding rocks. Main useful components are Fe. Average grade of(332+333) deposit are as follows: TFe is 31.09%, mTe is 22.44%, and the average grade of mFe/Tfe is 72.18%. Structures of the ores are selfshaped grain structure, containment structure and mortar structure; while structures are mainly banded structure, strip—dense disseminated structure. According to analysis and discussion on geological characteristics, source of forming materials and formation mechanism, it is concluded that the origin of the deposits is sedimentary metamorphic iron deposit.