Snowflake Furthers Leadership as the Best Data Foundation for Enterprises

Snowflake Furthers Leadership as the Best Data Foundation for Enterprises

Customers now gain increased interoperability with open data, governed internal collaboration, and enhanced efficiency with new advancements to Snowflake's leading platform

Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced at its annual user conference, Snowflake Summit 2024 , advancements to its single, unified platform that empower thousands of organizations with increased flexibility and interoperability across their enterprise data — regardless of where it resides. Snowflake is also making it easier for customers to discover and collaborate on the data, models, and applications they need, when they need them, in addition to enhancing its powerful platform so users gain increased performance and efficiency in the AI Data Cloud.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240604251194/en/

Customers now gain increased interoperability with open data, governed internal collaboration, and enhanced efficiency with new advancements to Snowflake's leading platform. (Graphic: Business Wire)

Customers now gain increased interoperability with open data, governed internal collaboration, and enhanced efficiency with new advancements to Snowflake's leading platform. (Graphic: Business Wire)

"Snowflake is making customers' data, models, and applications even more powerful by embracing open data and interoperability across the ecosystem, ensuring that all users benefit from Snowflake's leading governance and discovery in the AI Data Cloud," said Prasanna Krishnan, Head of Collaboration and Snowflake Horizon, Snowflake. "We're providing customers with new ways to seamlessly access, understand, protect, and drive value with their data at the speed and scale they need to be successful."

Bring Increased Interoperability with Open Data to the AI Data Cloud

The popular open table format Apache Iceberg has revolutionized how organizations access and drive value from their data. Snowflake is now making it even easier for customers to bring the platform's ease of use, performance, governance, and collaboration to their Iceberg data stored externally with Iceberg Tables (now generally available), unlocking full storage interoperability.

Customers including Booking.com , Capital One , Indeed, Komodo Health, and more are already leveraging Iceberg Tables to implement open, flexible architectural patterns — including data lakehouses , data lakes , and data meshes — to further simplify the development of pipelines, models, and more. With Iceberg Tables, organizations can work with their data on their terms, gaining increased flexibility and support over their open data to drive value.

"Apache Iceberg's large and diverse ecosystem of contributors and products made it a clear choice for us to provide an open and common data layer across our internal and external ecosystem," said Thomas Davey, Chief Data Officer, Booking.com . "With Iceberg, we can broaden our use cases for Snowflake as our open data lakehouse for machine learning, AI, business intelligence, and geospatial analysis, even for data stored externally."

Iceberg Tables comes on the heels of the recently announced Polaris Catalog, a vendor-neutral and fully open catalog implementation for Apache Iceberg. Polaris Catalog enables cross-engine interoperability, further providing organizations with new levels of choice, flexibility, and control over their data. Organizations can get started running Polaris Catalog hosted in Snowflake's AI Data Cloud (Snowflake-hosted in public preview soon), or self-host it in their own infrastructure using containers.

Create A Well-Governed Data Foundation to Accelerate AI and Apps

The rise of AI has made every organization's enterprise data even more valuable. As such, organizations are left grappling with the rapid increase of data, large language models (LLMs), applications, and more spread out across various business units and teams. Snowflake is advancing Snowflake Horizon , Snowflake's built-in governance and discovery solution that provides a unified set of compliance, security, privacy, interoperability, and access capabilities, to enable enterprises to protect their data products so that customers can take action on them — both for content internal to an organization, as well as sourced from third parties.

As a part of Snowflake Horizon's new capabilities, the Internal Marketplace (private preview) allows users to curate and publish data products such as data, models, and applications specifically for teams within their organization to discover and use — while preventing unintended sharing to external parties. In addition, teams can securely limit who within an organization can see or access their content. Snowflake is further extending its industry-leading collaboration capabilities to include the sharing of AI models (private preview soon), Iceberg Tables , and Dynamic Tables .

Snowflake is also putting the power of AI to work so all users can quickly discover relevant content for their use cases. Universal Search (now generally available) allows customers to search the AI Data Cloud, spanning content in Snowflake storage, external Iceberg storage, and from third-party providers. Built on state-of-the-art search engine technology from Neeva ( acquired by Snowflake in May 2023), users can use natural language to find and seamlessly take action on the data products they need. Additionally, to help aid with discovery and curation, Snowflake is introducing new AI-Powered Object Descriptions (private preview soon), which will automatically generate relevant context and comments for tables and views.

"As a leading digital financial services company, it's imperative we have a unified and well-governed data foundation for a holistic view across our approximately 11 million customers and their needs. Snowflake Horizon's built-in governance, discovery, and protection capabilities ensure that we're operating with the highest-degree of compliance, security, privacy, interoperability, and access," said Scott Richardson, CIO of Enterprise Data, Analytics & AI at Ally Financial . "Snowflake helps us eliminate data silos for increased insights into every corner of our organization and enhance collaboration — both internally and with customers and partners — so we can act on our ‘Do It Right' values and deliver exceptional experiences to our customers and employees."

Gain Faster Platform Performance, and Lower Operating Costs

With nearly every product release, Snowflake is committed to improving the performance and efficiency of its platform for customers. As a result, the Snowflake Performance Index (SPI), which measures the impact of Snowflake's performance, reports that Snowflake has reduced organizations' query duration across stable customer workloads by 27% 1 since it started tracking this metric, and by 12% 1 over the past 12 months. Snowflake is also making the loading of data faster, easier, and more cost effective. Customers now benefit from up to 25% 2 performance improvements for loading JSON files and up to 50% 2 improvements for loading Parquet files — without any action required from the customers' end.

In addition to the 40+ currently supported cloud regions, Snowflake also announced that it is expanding the AI Data Cloud footprint to some highly regulated and sovereign markets globally. This includes an EU-only data boundary that keeps all customer data, alongside relevant service and usage data, within regional borders to provide European customers with stronger data residency and data sovereignty assurances to meet regional regulatory requirements. Furthermore, Snowflake will be offering a separate environment to Department of Defense (DoD) customers that includes a networking integration with Boundary Cloud Access Point (BCAP), ensuring that Impact Level 4 (IL4) security controls are met.

Continued Innovation at Snowflake Summit 2024

Snowflake also announced new advancements to Snowflake Cortex AI and Snowflake ML that unlock the next wave of enterprise AI for customers; new tools that accelerate how developers build in the AI Data Cloud; a new collaboration with NVIDIA that customers and partners can harness to build customized AI data applications in Snowflake; and more at Snowflake Summit 2024 .

Learn More:

1. Based on internal Snowflake data, query duration for customers' stable workloads improved by 26% from August 25, 2022 to April 30, 2024. To calculate SPI, we identify a group of customer workloads that are stable and comparable in both amount of queries and data processed over the period presented. Reduction in query duration resulted from a combination of factors, including hardware and software improvements and customer optimizations.
2. Measured between August 25, 2022 and April 30, 2024.

Forward Looking Statements

This press release contains express and implied forward-looking statements, including statements regarding (i) Snowflake's business strategy, (ii) Snowflake's products, services, and technology offerings, including those that are under development or not generally available, (iii) market growth, trends, and competitive considerations, and (iv) the integration, interoperability, and availability of Snowflake's products with and on third-party platforms. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the heading "Risk Factors" and elsewhere in the Quarterly Reports on Form 10-Q and the Annual Reports on Form 10-K that Snowflake files with the Securities and Exchange Commission. In light of these risks, uncertainties, and assumptions, actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. As a result, you should not rely on any forward-looking statements as predictions of future events.

© 2024 Snowflake Inc. All rights reserved. Snowflake, the Snowflake logo, and all other Snowflake product, feature and service names mentioned herein are registered trademarks or trademarks of Snowflake Inc. in the United States and other countries. All other brand names or logos mentioned or used herein are for identification purposes only and may be the trademarks of their respective holder(s). Snowflake may not be associated with, or be sponsored or endorsed by, any such holder(s).

About Snowflake

Snowflake makes enterprise AI easy, efficient and trusted. Thousands of companies around the globe, including hundreds of the world's largest, use Snowflake's AI Data Cloud to share data, build applications, and power their business with AI. The era of enterprise AI is here. Learn more at snowflake.com (NYSE: SNOW).

Kaitlyn Hopkins
Senior Product PR Lead, Snowflake
press@snowflake.com

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1911 Gold Intersects 8.42 g/t Gold over 0.91 m and 7.23 g/t Gold over 1.05 m in Drilling at True North

1911 Gold Intersects 8.42 g/t Gold over 0.91 m and 7.23 g/t Gold over 1.05 m in Drilling at True North

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB) (OTCBB: AUMBF) (FRA: 2KY) is pleased to announce the assay results from ten (10) drill holes for 2,222.00 metres ("m") from the surface exploration drilling program currently in progress at the True North Project located on the Company's 100%-owned Rice Lake Gold property in Manitoba, Canada .

Highlights:

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1911 Gold Delivers on 2024 Objectives and Outlines 2025 Growth Strategy for True North

1911 Gold Delivers on 2024 Objectives and Outlines 2025 Growth Strategy for True North

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB) is pleased to provide an overview of the Company's key 2024 achievements and outline its aggressive 2025 growth strategy for its 100% owned True North gold project and the surrounding Rice Lake property in southeastern Manitoba, Canada .

2024 Highlights:

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1911 Gold Announces Grant of Deferred Share Units

1911 Gold Announces Grant of Deferred Share Units

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB; OTCBB: AUMBF) announces that it has granted a total of 166,665 deferred share units ("DSUs") to four directors under the LTIP in respect of H2-2024 director fees. Each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the holder ceases to be a director of the Company.

1911 Gold Logo (CNW Group/1911 Gold Corporation)

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling more than 63,000 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba , and also owns the True North mine and mill complex at Bissett, Manitoba . 1911 Gold believes its land package is a prime exploration opportunity, with potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario , and intends to focus on organic growth and accretive acquisition opportunities in North America .

1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE 1911 Gold Corporation

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1911 Gold Files NI 43-101 Technical Report for the Updated Mineral Resource Estimate for the True North Gold Project

1911 Gold Files NI 43-101 Technical Report for the Updated Mineral Resource Estimate for the True North Gold Project

1911 Gold Corporation ("1911 Gold" or the "Company") (TSX-V: AUMB) (OTC: AUMBF) is pleased to announce that following the release of an updated underground Mineral Resource Estimate ("MRE") for the True North Gold Project on November 20, 2024 the Company has filed the National Instrument 43-101 ("NI 43-101") Technical Report for the 100% owned project in southeastern Manitoba, Canada .

1911 Gold Logo (CNW Group/1911 Gold Corporation)

Highlights

  • Filing of Technical Report entitled "   NI 43-101 Technical Report on the True North Gold Project, Bissett, Manitoba, Canada ", prepared by Lions Gate Geological Consulting Inc. ("LGGC") and 1911 Gold, dated December 23, 2024 , with an effective date of August 29, 2024
  • Underground MRE defined for the True North Gold Project is reported within mineral resource constraining envelopes using a 2.25 grams per tonne ("g/t") Gold ("Au") threshold. All blocks within the envelopes are reported and tabulate as:
    • Indicated Mineral Resource of 3,516,000 t @ 4.41 g/t Au containing 499,000 ounces ("oz") Au
    • Inferred Mineral Resource of 5,490,000 t @ 3.65 g/t Au containing 644,000 oz Au
  • The MRE highlights areas for resource expansion both down plunge and along strike to the modeled veins, and within areas of historic drilling, for potential resource expansion with additional drilling
  • Surface drill program ( 6,000 m ) underway on new target areas that include:
    • Gold mineralization intersected in historic drillholes along strike from the resource and within 400 m of surface
    • New targets identified during the re-interpretation and remodelling of gold mineralization that are proximal to   Au-bearing shear zones within favourable host rocks
  • Planning for 25,000 m of resource expansion and new target drilling is underway for 2025

Shaun Heinrichs , President and CEO of 1911 Gold, commented, "We are pleased to have completed the compilation and filing of the updated Mineral Resource Estimate Technical Report for the True North Gold Project. The new robust resource estimate forms the base of our plans moving forward both for the recommencement of production and the expansion and growth of resources at the True North Gold mine. We have a significant exploration drill program underway on a number of new targets and are moving to expand this program in 2025 with more resource expansion drilling".

The updated NI 43-101 report is available for review on both SEDAR+ ( www.sedarplus.ca ) and the Company's website ( www.1911gold.com ).

The updated True North MRE Technical Report was prepared by Susan Lomas , P.Geo, of LGGC, Bruce Davis , PhD, FAusIMM, and Michele Della Libera , P.Geo,, each of whom is considered a "Qualified Person" as defined in NI 43-101.

1911 Gold's press release dated November 20, 2024 (entitled " 1911 Gold Announces Mineral Resource Estimate Update for the True North Gold Project ") summarized the mineral resource estimate update in detail.

Future Plans

First phase surface drilling is currently underway on near surface areas outside of the resource where the new geological model has identified prospective new targets with significant mineralized intercepts from historical drilling. Initially three prioritized target areas have been identified and are the target of the current drill program (see Company's press release: " 1911 Gold Initiates Surface Drill Program on New Exploration Targets at the True North Gold Mine" , dated October 3, 2024 ). Drilling is continuing and results are due to be released in early 2025.

With the completion of the MRE, 1911 Gold has also identified areas of the resource model that are open and with additional drilling have the potential to expand the resources, in addition to new targets at depth in the deposit. The Company is currently compiling a drill plan of over 25,000 m of drilling for 2025 and has commenced work on a preliminary redevelopment plan, working closely with Éric Vinet, recently engaged as a key technical advisor, focusing on identifying suitable mining methods, expected costs, and overall economics supporting the restart strategy, to be covered in a new preliminary economic assessment study.

Qualified Person Statement

The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera , P.Geo, Vice President Exploration of 1911 Gold, who is a "Qualified Person" as defined under NI 43-101.

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling 63,276 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba , and also owns the True North mine and mill complex at Bissett, Manitoba , where it is reprocessing historic tailings on a seasonal basis. 1911 Gold believes its land package is a prime exploration opportunity, with potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario , and intends to focus on both organic growth opportunities and accretive acquisition opportunities in North America .

1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative, and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about exploration plans and the timing and results thereof, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE 1911 Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/02/c7302.html

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