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Boart Longyear Launches GTUMX Diamond Coring Bits

              Boart Longyear Launches GTUMX Diamond Coring Bits

PR Newswire

SALT LAKE CITY, Oct. 31, 2012

SALT LAKE CITY, Oct. 31, 2012 /PRNewswire/ --Boart Longyear
(www.BoartLongyear.com • ASX: BLY), the world's leading integrated exploration
drilling products and services provider, has launched the GTUMX™ diamond
coring bit as the latest addition to the their award-winning Ultramatrix™
(UMX™) 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™ 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
http://www.boartlongyear.com/rssfeed.

Contact: Vincent Trotta
Director of Global Product Management and Sales Operations
Phone: +1 801-952-8430
Email: vincent.trotta@boartlongyear.com

SOURCE Boart Longyear

Website: http://www.boartlongyear.com
 
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