Press Release Summary:
Offering range of ground formations, GTUMX™ supports drilling speeds and penetration rates required for shallow holes and conventional drillingÂ in both exploration and geo-technical applications. UMX metallurgical formula, impregnated with large synthetic diamonds, optimizes penetration and bit life, while Razorcut™ design on face of bit accelerates exposure of diamonds. Width ofÂ tapered waterways improves surface flushing and cutting while reducing wear on inner-diameter of bit.
Original Press Release:
Boart Longyear Launches GTUMX Diamond Coring Bits
SALT LAKE CITY -- Boart Longyear (www.BoartLongyear.com -- ASX: BLY), the world's leading integrated exploration drilling products and services provider, has launched the GTUMX(TM) diamond coring bit as the latest addition to the their award-winning Ultramatrix(TM) (UMX(TM)) line.
The GTUMX is designed for shallow holes and conventional drilling for both exploration and geo-technical applications. The ability to drill faster with high penetration rates and to outperform existing bit technology in a wide range of ground formations makes the GTUMX ideal for customers seeking an affordable alternative to their current bit selection.
"Boart Longyear is excited to introduce the GTUMX diamond core bits into the marketplace, especially South Africa," said Matthew Baird, global product manager for Boart Longyear. "The GTUMX bits are ideal for shallow holes and conventional drilling. This allows our customers to be very competitive with a bit of true value at a reasonable price."
Boart Longyear will launch an AXT size GTUMX bit first in the South Africa region. This will be followed by additional bit size releases and expansion into the Asia Pacific, Europe and Latin America regions.
GTUMX diamond coring bits features the Boart Longyear UMX formula. UMX bits use an advanced metallurgical formula that is impregnated with large synthetic diamonds. The formula optimizes high penetration capabilities with longer bit life and allows the GTUMX to turn easily from one ground formation to another.
The GTUMX also features the unique Razorcut(TM) design on the face of the bit. This speeds up exposure of the diamonds and enables the bit to begin cutting right out of the box. The wide tapered waterways dramatically improve surface flushing and cutting while reducing wear on the inner-diameter of the bit, particularly in broken, abrasive conditions.
To learn more about the GTUMX, visit www.boartlongyear.com/gtumx.
About Boart Longyear
With over 120 years of expertise, Boart Longyear is the world's leading provider of drilling services and products for the mining industry. It also has a substantial drilling and products presence in mine de-watering, environmental sampling, energy and oil sands exploration.
Boart Longyear is a global company headquartered in Salt Lake City, Utah, USA, and is listed on the Australian Securities Exchange (ASX: BLY) in Sydney, Australia. Sales in 2011 were over US$2.0 billion, and the company employs over 10,000 employees worldwide. Contract drilling services are conducted in over 40 countries, and exploration products are manufactured in seven global factories and sold to customers in over 100 countries.
Boart Longyear was a private company for over 85 years. In 1975, it was purchased by Anglo American which was headquartered in Johannesburg, South Africa. Then in 2005, Private equity purchased Boart Longyear from Anglo American and subsequently listed the company on the ASX in April of 2007.
More information about Boart Longyear can be found on the Internet at www.boartlongyear.com. To get Boart Longyear news direct, visit www.boartlongyear.com/rssfeed.
Contact: Vincent Trotta
Director of Global Product Management and Sales Operations
Phone: +1 801-952-8430