Granite and Veracio Aim to Revolutionize Mining Industry
December 06 2023 - 4:30PM
Business Wire
Granite (NYSE:GVA) announced today that its wholly-owned
subsidiary International Directional Services (IDS) and Veracio, a
mining technology company, have entered into a partnership aimed at
transforming drill hole data analytics and elevating productivity
for Granite’s clients.
The collaboration between IDS and Veracio marks a significant
step toward leveraging technology to enhance the mining process. By
combining IDS’s drill hole geological data collection with
Veracio's minerals drilling technology solutions, the partnership
aims to improve the way drill hole data is collected, analyzed, and
utilized, ultimately providing support to IDS’s and Granite’s
clients. This collaboration reflects the commitment of both
companies to push the boundaries of what is possible in the
drilling and mining sectors.
"We are excited to embark on this strategic partnership with
Veracio. By combining our data collection expertise with Veracio’s
instrument technology, we aim to redefine how drill hole data is
utilized in our industry,” said Jason Smith, IDS General Manager.
“This collaboration represents a significant step forward for IDS
and our commitment to delivering excellence to our clients."
Key Objectives of the Partnership:
- Enhanced Drill Hole Data Analysis: Implementing technology to
improve the accuracy and quality of drill hole data analysis,
providing valuable insights for mining projects.
- Increased Productivity: Leveraging Veracio’s growing fleet of
technologies, including TruGyro, and TruSub technology ensures that
drilling is precise and efficient leading to better resource
definition, safety and lower risks of operational errors, at lower
cost.
- Client Support and Satisfaction: The partnership aims to
elevate the level of support and satisfaction for IDS’s clients by
delivering data-driven insights and solutions.
“Our collaboration further strengthens Veracio’s position in the
US market and reinforces our commitment to advancing the mining
industry by offering cutting-edge solutions,” states Veracio’s
Chief Executive Officer, JT Clark. “Together with IDS, we
are committed to redefining industry standards, empowering
precision and integrity with every survey, and delivering
unparalleled solutions for the mining industry.”
For more information about Veracio, please visit
www.veracio.com.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since
1922, Granite (NYSE:GVA) is one of the largest diversified
construction and construction materials companies in the United
States as well as a full-suite civil construction provider.
Granite’s Code of Conduct and strong Core Values guide the Company
and its employees to uphold the highest ethical standards. Granite
is an industry leader in safety and an award-winning firm in
quality and sustainability. For more information, visit the Granite
website, graniteconstruction.com, and connect with Granite on
LinkedIn, X, Facebook, and Instagram.
About Veracio
Veracio offers mining clients a range of solutions that improve,
automate, and digitally transform their orebody sciences in
exploration, resource definition and production. Championing a
modern approach through a diverse product portfolio Veracio fuses
science and technology together with digital accessibility by using
advanced scanning, sensing with strong data governance and the
deployment of AI to accelerate real-time decision making and
significantly improve efficiency, profitability, and sustainability
across the value chain.
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