The GTUMX is designed for shallow holes and conventional drilling for both exploration and geo-technical applications.
It offers the ability to drill faster with high penetration rates and to outperform existing bit technology in a wide range of ground formations.
Boart said the GTUMX was ideal for customers seeking an affordable alternative to their current bit selection.
The company plans initially to promote the AXT size GTUMX bit in South Africa, followed by additional bit size releases and expansions into the Asian Pacific, European and Latin American regions.
Boart Longyear global product manager Matthew Baird said: "Boart Longyear is excited to introduce the GTUMX diamond core bits into the marketplace, especially South Africa.
"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," he added.
Boart said the GTUMX diamond coring bits used an advanced metallurgical formula combined with large synthetic diamonds for high penetration capabilities and a longer bit life that allowed it to turn easily from one ground formation to another.
The GTUMX also features a razorcut design on the face of the bit to speed up exposure of the diamonds and enable the bit to begin cutting right out of the box.
A wide tapered waterway dramatically improves surface flushing and cutting while reducing wear on the inner-diameter of the bit, particularly in broken, abrasive conditions.