This paper, taking the finely disseminated gold deposits in southwestern Guizhou and northwestern Guangxi as examples, discusses the difference between the occurrence of primary ores and that of oxidized ores, analyzes the occurrence mechanism in terms of crystallochemistry and geochemistry, and especially studies the chemical model for supergene leaching transformation of clay minerals in the two types of ores. This study proposes a new idea for dressing and smelting technology for primary gold ores.