This paper gives a brief description of all structural–formational zones in the Southern Urals. Riphean and Paleozoic black shale sediments with strong positive anomalies of gold and a number of other elements are widely developed within this region. This paper reports that carbonaceous shales are a very favorable geochemical environment for the primary accumulation of many industrially important elements. Under certain conditions (in the areas of magmatism, zonal metamorphism, and tectonic activity), they can serve as a source of metals and concentrate deposits, with various occurrences of gold, silver, and platinoids. Among these deposits, a new type of vein-embedded gold–sulfide mineralization with dispersed gold and platinum metals, localized in rocks rich in organic carbon, has been detected. In this study, we made an attempt to summarize and systematize research materials on this issue. The presented data indicate a high potential of carbonaceous sediments in the Southern Urals, providing a good basis for further prospecting works and analytical studies.