Effectiveness of transient electromagnetic method (TEM) used for the localization of Pb–Zn ore bodies at the Cho Don deposit, province Bac Can, North Vietnam is appraised based on the modelling processes results. Conductive Pb–Zn ore bodies hosted in high-resistive limestone are in good conditions for the application of the TEM. The modelling process relays on the calculation of the voltage decay in time domain formed from the induced magnetic field diffusing into the study medium, when a pulse current with a given frequency is flowing in a transmitting loop coil. The model results show that the power current of 1 A transmitted from the coils with 100 or 400 m of size is effective for localization of the Zn–Pb ore bodies. However, the resolution and penetration depth of the TEM with a coil of L = 100 m is better and shorter in comparison with those in the case using the coil L = 400 m.