Small multi-turn coil devices are used with the transient electromagnetic method (TEM) in areas with limited space, particularly in underground environments such as coal mines roadways and engineering tunnels, and for detecting shallow geological targets in environmental and engineering fields. However, the equipment involved has strong mutual inductance coupling, which causes a lengthy turn-off time and a deep “blind zone”. This study proposes a new transmitter device with a conical-shape source and derives the radius formula of each coil and the mutual inductance coefficient of the cone. According to primary field characteristics, results of the two fields created, calculation of the conical-shaped source in a uniform medium using theoretical analysis, and a comparison of the inductance of the new device with that of the multi-turn coil, show that inductance of the multi-turn coil is nine times greater than that of the conical source with the same equivalent magnetic moment of 926.1 A·m2. This indicates that the new source leads to a much shallower “blind zone.” Furthermore, increasing the bottom radius and turn of the cone creates a larger mutual inductance but increasing the cone height results in a lower mutual inductance. Using the superposition principle, the primary and secondary magnetic fields for a conical source in a homogeneous medium are calculated; results indicate that the magnetic behavior of the cone is the same as that of the multi-turn coils, but the transient responses of the secondary field and the total field are more stronger than those of the multi-turn coils. To study the transient response characteristics using a cone-shaped source in a layered earth, a numerical filtering algorithm is then developed using the fast Hankel transform and the improved cosine transform, again using the superposition principle. During development, an average apparent resistivity inverted from the induced electromotive force using each coil is defined to represent the comprehensive resistivity of