This paper introduces the application of the pyrite thermoelectric property measurements in gold exploration of the Shihu gold deposit. Pyrite is the main gold-carrying mineral. Four gold mineralization stages may be distinguished. The thermoelectric type assemblage of pyrite is P<N⇒P≥N⇒P>N⇒P≤N from mineralization stages I to IV. In the mineralization area, from the top downward when (P and P% decrease, (N and N% increase, which in the main coincides with the results of mineralogical mapping by using the distribution of pyrite type (P%) and the mean of the thermoelectric coefficient (P. Some typomorphic information such as formation temperatures of pyrite, relative burial depths of orebodies, characteristics of orebodies and prospects of the deep part may be obtained according to thermoelectric properties of pyrite.