Geosoft and Minalytix have entered a business partnership to commercially release MX Deposit, a new Software-as-a-Service (SaaS) solution for drill hole and sample data management.

Drilling is one of the most expensive activities conducted by mining and exploration companies, and maximising the value of the data collected is key to cost-effective exploration and discovery.

Cloud-based MX Deposit “provides a breakthrough solution that simplifies how drilling data is collected, managed, and shared. Drill hole data can be logged and accessed from anywhere in the world. A mobile data entry application is available for more efficient data collection in the field.”

“With today’s sharp focus on finding efficiencies within mining exploration, the timing has never been better for a solution like MX Deposit,” said David Peres, President of Minalytix “and we’re delighted to partner with Geosoft on its market release. Geosoft is a trusted expert in geoscience data management, and the company is both an established technology provider and innovator in subscription-based software for exploration.”

“Minalytix, and the MX Deposit platform they’ve developed, bring a powerful mix of experience and fresh thinking to the challenge of drill hole data management,” said Tim Dobush, Chief Executive Officer of Geosoft, “We’re excited to join forces to help our exploration customers gain new efficiencies, and extract more value from their geoscience data assets.”

According to global survey results, cost and complexity of implementation are among the biggest barriers to industry uptake of data management technologies. MX Deposit targets both – providing an agile and affordable way to manage drilling and sample data with a solution that’s easy to implement and use.