This paper presents a new approach to developing the torque model in deep hole drilling, both for conventional and ultrasonic assisted drilling processes. The model was proposed as a sum of three components: the cutting, the chip evacuation and the stick-slip torques. Parameters of the new model were carried out by applying the regression analysis technique, with the correlation values higher than 0.999. The data were collected from 36 experimental dry drilling tests, both in conventional and ultrasonic assisted cutting conditions, with the depth-to-diameter of the drilled holes of 7.5. The major advantage of the new model compared to previous models is that the new model of chip-evacuation torque has only one coefficient, thus making it easier to evaluate and compare different deep-drilling processes. The effectiveness of ultrasonic assistance in deep hole drilling was also highlighted using the proposed model. The new model is promising to predict critical depth and torque in deep hole drilling.