The present invention uses calcium base leituoshi stone ore as raw material, and adopts semi-dry artificial modification process including the steps: breaking clay mineral, adding 1%-5% sodium salt, uniformly mixing them, water-spraying, shearing, pressing, piling and ageing for 7-10 days, drying so as to obtain modified leituoshi stone. Said invention is simple in production method, convenient for operation, less in dosage of modifying agent and low in energy consumption and cost. The phi-600 reading value of drilling fluid prepared with modified leituoshi stone is greater than or equal to 60, mud-making rate is greater than or equal to 18 cu.m/t, filter loss is less than or equal to 13.5 ml and dynamic shear force is less than or equal to 1.2XPVPa. It is superior to sodium base bentonite in all the properties, and is applicable for drilling in the fields of petroleum industry, natural gas engineering, geologic drilling engineering and building engineering, etc.