In recent years, the authors have developed a kind of multifunction electrical system which is a new geophysical technology that has China's independent intellectual property rights.The system is suitable for exploration and study of such objects as metal mines, groundwater, geothermal activity and oil-gas reservoirs. In order to verify the effectiveness of the new technique's application capability in the hot sedimentary type deposits, the authors have developed IP and CSAMT experiments with this system on the Huaniushan lead-zinc deposit in Liuyuan area, Gansu Province. In high-power IP measurement, the authors delineated IP anomaly areas, and carried out evaluation analysis in combination with geological information. In the information section, the authors developed CSAMT method and obtained the underground electrical structure. Application results show that IP and CSAMT can reflect the ore-related geophysical anomaly, and thus can serve as a model for the exploration of the same type of deposits.