Geogas-carried metal prospecting, an integral part of deep-penetrating geochemistry, is potentially effective in the geochemical exploration of concealed ore deposits. However, its principles and applicability remain controversial. This study summarizes and discusses the progress in geogas-carried metal prospecting in China. The method comprises three constituents: geogas, nanoparticles, and their vertical transportation. Researchers have failed to determine the exact contributions of different sources of geogas. Studies on Pb isotopes, rare earth element patterns of geogas, the comparisons between metals in soil, geogas, and ore geochemistry, and characteristics of nanoscale metals in earthgas (NAMEG), confirmed the relationship between NAMEG and concealed ore deposits. A statistical analysis of field experiments and applications showed that geogas-carried metal prospecting is applicable for the geochemical exploration of magmatic and hydrothermal Cu, Au, Zn, Pb, U, Sn, and Ag deposits and is suitable for most geochemical landscapes except deserts and cold swamps. Finally, genetic models of NAMEG anomalies were constructed. High-permeability migration channels are critical in the formation of NAMEG anomalies over concealed ore deposits. Future work entails applying geogas-carried metal prospecting to certain types of ore deposits and geochemical landscapes and studying NAMEG to provide quantitative information for targeting concealed ore deposits.