IDS and Veracio Announce Strategic Partnership to Advance Drilling and Downhole Technologies in North America

International Directional Services (IDS), a Granite Company (NYSE:GVA) and Veracio, a leading mining technology company, today announce a partnership to offer Veracio’s complete suite of driller-operated tooling to IDS’ clients.

Veracio is making significant steps toward leveraging advanced geological technologies to enhance the mining lifecycle. And while IDS and Veracio have an existing relationship, the announcement of this partnership acknowledges the vision both companies share for transforming how the drilling workflow can be enhanced with better data.  By combining IDS’s expertise in directional drilling and Veracio’s geological data collection, the partnership will empower IDS and Granite clients to reduce unnecessary drilling costs, mitigate operational errors, minimize waste, and foster sustainable mining practices.

 

“Our collaboration further strengthens Veracio’s position in the US market andreinforces our commitment to advancing the mining industry by offeringcutting-edge solutions,” states Veracio’s Chief Executive Officer, JT Clark.“Together with IDS, we are committed to redefining industry standards, empoweringprecision and integrity with every survey, and delivering unparalleledsolutions for the mining industry.”

 

"Weare excited to embark on this strategic partnership with Veracio. By combiningour data collection expertise with Veracio’s cutting-edge instrumenttechnology, we aim to redefine how drill hole data is utilized in ourindustry,” said Jason Smith, IDS General Manager. “This collaborationrepresents a significant step forward for IDS and our commitment to deliveringexcellence to our clients."

 

Key Objectives of the Partnership:

•     Enhanced Drill Hole Data Analysis:Deploy cutting-edge technology to enhance the accuracy and quality of drillhole data analysis, providing valuable insights for mining projects.

•     Increased Productivity:Leveraging Veracio’s growing fleet of technologies, including TruGyro, andTruSub technology ensures that drilling is precise and efficient leading tobetter resource definition, safety and lower risks of operational errors, atlower cost.

•     Client Support and Satisfaction:The partnership aims to elevate the level of support and satisfaction for IDS’sclients by delivering data-driven insights and innovative solutions.

 

The announcement isheadlined by the most compact and integrated continuous north-seeking gyro toolin drilling, Veracio’s TruGyro, a north-seeking gyro tool built to deliverprecision data at depth in some of the toughest of environments. IDSalso currently serves as the distributor for Veracio’s TruShot,a precise magnetic survey tool specially designed for driller deployment. Knownfor its durability, precision, and user-friendly features, TruShot enablesdrillers to confidently capture high-quality 3D hole path data. In addition toTruShot, IDS also distributes core orientation tooling on behalf of Veracio. AsVeracio introduces new products to the market, IDS aims to expand its customerofferings to provide a comprehensive range of cutting-edge solutions.

 

International Directional Services (IDS) is a Granite Constructions Business

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. For more information about Veracio, please visit www.veracio.com.

Press Contacts

Media (North America):
Kamran Shaikh
PR Associates
kshaikh@prassociates.com
Dave Yeates
Veracio
dave.yeates@veracio.com

Veracio

With over 100 years of hard-won experience and international pedigree in our field, Veracio pioneers ground-breaking technologies to provide clear, accurate data sets that reveal more valuable, actionable information than ever before.

From in-field geochemistry and artificial intelligence, to on-rig performance capturing rock properties in real-time, our platforms are designed to change what you expect from your own orebody knowledge.

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About Veracio

Our mission is simple.

At Veracio, we’re building and deploying a new wave of technologies that will redefine the way the world mines. Leveraging artificial intelligence and advanced analytics to generate powerful, differentiated data about what lies beneath us.Where believe more is less. And when you know more, you work better, you search less and waste less.