Qibaoshan gold copper depsot is located in Qibaoshan area in the southwest edge of Jiaolai basin. Changlaozhuang ore-bearing cryptoexplosive breccia belt has been newly discovered in the surrounding areas of the gold copper deposit. The geophysical interpretation work has preliminarily identified geological and geophysical characteristics of the cryptoexplosive breccia belt. It is located in the high resistance and low resistance contact zone of IP ladder, and the deep part presents low resistance and medium-high intensity anomaly. Through drilling verification, high grade silver copper lead ore bodies have been found in the deep. The coarse galena and chalcopyrite crystals in the ores are visible to the eye and are concentrated in lumps. The copper grade is 0.493%~5.125%, the lead grade is 0.245%~6.606%, and the silver grade is 55.2~547.1g/t. It is showed that there is still potential to search for high grade Ag, Cu and Pb ore bodies of cryptoexplosive breccia type in the surrounding areas and deep of gold and copper deposits.