Major Drilling bets on AI with DGI/Kore alliance

Major Drilling will invest $10.91m (C$15m) in cash for an approximately 40% interest in DGI/KORE.

Archana Rani July 23 2024

Major Drilling Group International (MDI) has collaborated with downhole technology company DGI Geoscience (DGI) and its affiliate company, AI-driven core logging tech innovator KORE GeoSystems (KORE), to bring AI to the drilling sector.

This partnership is set to enhance Major Drilling's service offering by integrating AI into its operations.

It combines Major Drilling's drilling expertise and TrailBlazer Rock5 technology with KORE's AI-powered core logging platform.

KORE president and CEO Vince Gerrie said: “We are thrilled to support Major Drilling with KORE’s cutting-edge SPECTOR integrated technology suite.

“Our transformative AI-powered digital core logging platform significantly increases productivity, consistency and enhances data insights for our customers.”

The integration aims to deliver valuable geological data to clients, further supported by DGI's borehole data acquisition services.

Major Drilling president and CEO Denis Larocque said: “We are delighted to welcome DGI and KORE as our partners. This alliance is a continuation of Major Drilling’s progression in drilling innovation, and also part of our growth strategy as we invest in the future of mining."

Major Drilling will also take a stake of around 40% in DGI/KORE for $10.91m in cash.

The seller of the stake is private equity company Canadian Shield Capital.

This latest partnership is expected to bolster Major Drilling's capabilities in delivering quality data to its mining sector clients.

DGI president and CEO Chris Drielsma said: “Through our powerful new partnership with Major Drilling, the mining sector can access turnkey geological, geophysical and geotechnical drillside orebody intelligence solutions. We are very excited to be part of this evolution of drill performance, helping maximise the value from drilling through our geoscience solutions.”

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