The invention discloses a multifunctional reamer for geological prospecting. The reamer comprises a drill pipe, a drill bit, three spiral reamer plates and a fixing band; an impactor is fixed on the upper portion of the drill pipe, the fixing band is fixed on the lower portion, close to the drill bit, of the drill pipe, three rotating shafts are uniformly fixed on the edge of the fixing band, each spiral reamer plate is rotatably connected with the fixing band through the corresponding rotating shaft, the portions, close to the fixing band, of the upper portion and the lower portion of the internal surface of each spiral reamer plate are connected with the drill pipe through telescopic cross rods, a compression spring is installed in each telescopic cross rod, protruding blocks are uniformly welded to the outer surface of each spiral reamer plate, and a dust cover is rotatably connected to the portion, above the impactor, of the drill pipe through a thread. According to the multifunctional reamer for geological prospecting, the structure is simple, the reaming effect is rapid and significant, time and labor are saved, the functions of achieving reaming and discharging mud and gravel to prevent blocking and dust are achieved simultaneously, and the multifunctional reamer is worthy of popularization.