Canadian Imperial Venture Corp. announced an update to its drill program being carried out on the Little Bear Lake Gold Property (LBL) pursuant to a farm-in agreement, under which the company can earn a 55% working interest in the LBL from Carina Energy. The recent 1,500 m drill program on LBL was partially completed before severe winter conditions forced a postponement.

Of the planned 1,500 m approximately 20% was completed. The western end of the Silver Fox vein was tested with holes SF13-1, 2 and 3, but the contiguous Rush Vein remains untested. Historical trenching results for the Silver Fox vein show 0.90 oz/t (30.9 g/T) gold over 4 ft (1.2 m) was obtained over a length of 255 ft (77.7 m).

The wallrock contained up to 0.2 oz/ton (6.9 g/T). The Silver Fox vein is up to 7 ft wide (2.1 m) at its west end. The narrower parts of the vein show grades of 7 oz to 10 oz Au/ton (10.5 to 348.5 g Au/T).

During 2011 prospecting and sampling, 12 grab samples from the Rush Vein averaged 6.2 g Au/T with a range from 0.05 to 41.68 g Au/T. In addition, ongoing assaying of previously unsampled core from the 2010-11 Carina drill program on the Treasure Vein has shown further widespread low grade gold mineralization, with numerous intersections of gold grades in the range 0.3 to 0.876 g Au/T.