Q: During these times when limited exploration budgets are more carefully spent than ever, why do you think so many exploration and mining companies chose Globexplore?

A: The answer is that we have earned a well-deserved positive reputation from our solid track record through delivering the highest quality results for our clients. We are proud to state the fact that every client we have ever worked with would hire us again and recommend our services. We back this up with written testimonials from over 30 of the most respected mining and exploration companies operating in the country. During this severe downturn, 95 percent of our fleet is contracted and we must now buy 10 more rigs to meet our clients’ demand, which is evidence that many clients are extremely happy with our performance. While the mining industry is picking up again, most would argue that over the last four years we have experienced the most severe downturn in the last 40 years. Drilling budgets suffered the most as the steepest expense for many companies. Currently, the drilling industry is still severely struggling with an average of 25 percent of all drills in the country in operation, yet Globexplore is surpassing expectations.

Q: How has Globexplore managed to stay competitive enough to win so many contracts?

A: Toward the end of 2012, as the market began to contract, we reacted quickly by reviewing all our systems and procedures and we determined several areas where we could reduce costs and become more efficient without cutting our high safety and quality standards. We were subsequently able to pass these savings on to our clients. Most of the experienced, successful, and well respected mining and exploration companies understand that most drilling contractors share common costs for genuine quality and safety. However, the lack of projects opens the sector up to poor practices as a result of restricted budgets and poor quality but inexpensive services. Thankfully, we have found that the most experienced mining and exploration companies are aware that unrealistic prices are rarely sustainable and end up costing them more money with poor performance, production delays, decreased sample recovery, missed targets, and higher accident rates. The reality is that we have two client bases at the moment, one that recruits Globexplore from the outset, and the other that seeks our services in order to reperform or finish a failed contract.

Q: How will your continued growth and success during one of the most severe downturns affect your future in the next upturn?

A: Our current high rate of rig utilization has given our company the advantage in several important areas. Firstly, it allowed us to retain the most qualified of our existing team while allowing us to attract qualified staff to the company. Secondly, it has allowed us to optimize all company operations from our logistical support for our field operations, human resources, and most importantly our safety procedures. There is no better way to make constant improvement then when your company is working at a high level.

Q: How is the quality of your equipment and range of services related with your success?

A: We have only expanded into different types of drilling if we are sure that we can be at the forefront of this particular market. Over time, we slowly expanded by maintaining our high standards of industry leading performance and safety. We are proud that we can reassure new clients with positive recommendations from our previous performance with their respected colleagues on each of the following activities that can take a client from greenfield exploration to reserve expansion. We believe we are running the most  modern fleet in Mexico with all of our rigs being no older than six years. This provides our clients with the highest rates of reliability, accuracy, productivity, and safety. Our Diamond Core service offers top of class power to advance through challenging ground to reach depths of up to 2,200m, yet the equipment is compact enough to fit in a pad size measuring less than 4x4m. We offer PQ, HQ, NQ, and BQ diameters with track, truck, skid, underground, Heli- and Man-Portable, geotechnical, survey, oriented, and directional drilling with averages of 1,800m per rig per month.

Our reverse circulation fleet offers some of the smallest footprints in the industry, requiring a pad size as small as 6x8m which is less than half the 20x20m size more commonly required. This reduces the environmental impact of larger road and drill pad construction. Our newly designed drills offer the same high power production capacity of rigs twice their size with depths of 420m. They are equipped with a host of modern features such as automated rod loaders, break outs, and remote control operations that help increase sample production while reducing the most common causes of injury. Self- propelled by track or buggy, either rig can turn complete circles within its own footprints and move laterally, aiding in faster movements between holes and greater access to tighter and more remote locations. Our rigs tow their own remote high output air compressors that can be run up to 150m from the rig, which further increases the client’s drill target flexibility. Our RC rigs are ideal for infill, double wall RAB, mine services, and underground drilling.

Q: How has innovation and technology complemented your success?

A: Technology is a key component to our leading performance in the field and our ability to offer cutting edge services to our clients. For our field operations, the Globexplore Management System monitors all our functions and consumption with real time data. Using tablets and smartphones, we can capture our productivity and material consumptions as it happens so that we are not dipping below our minimum inventory levels, which allows us to maximize accurate production. With our Geosite Analytical Division we offer onsite mineralogy, geochemistry, and core logging. At the drill rig or core shack we can run hyperspectral analysis of core and RC rock chip samples that provide statistical values between mineralogy and geochemistry in a shareable platform for 3D mapping, and volumetric and dimensional value quantifications. We also can include x-ray fluorescence for elemental analysis from Magnesium to Uranium.