The deposition of finely disseminated gold in the deposits hosted in black shales is considered. It is suggested that gold deposition is controlled by microstructure of pore space in host rocks. The pore space structure of tight shales indicates that most pore volume is occupied by nanopores with hundredths of micrometers in characteristic dimension. The balance calculations show that deposition of native gold in nanopore channels of filtration is hampered by shortage of number of atoms necessary to overcome a nucleation threshold of the future gold crystal in the pore volume. When ore-transporting solution meets on its way the cavities (pores, micro- and macrofractures), whose volume is sufficient to overcome the nucleation threshold, the excess content of ore component, which exceeds equilibrium concentration, is released with formation of crystallization centers and further precipitation of gold. The conditions of ore deposition are exemplified in the reference Sukhoi Log deposit hosted in black shales. On the basis on the PT conditions of ore deposition and physical features of fluid heat and mass transfer, it is suggested that ore disseminations were deposited at the early high-temperature stage under a fluid pressure close to lithostatic and at a host rock permeability markedly exceeding its present-day value.