UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of SEPTEMBER, 2004.
Commission File Number: 0-30464
IMA EXPLORATION INC.
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(Translation of registrant's name into English)
#709 - 837 West Hastings Street, Vancouver, British Columbia, V6C 3N6, Canada
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F: FORM 20-F [X] FORM 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): _______
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): _______
Indicate by check mark whether the registrant by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
YES [ ] NO [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3- 2(b): 82-_____________
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf of the
undersigned, thereunto duly authorized.
IMA EXPLORATION INC.
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Date: SEPTEMBER 28, 2004 /s/ Joseph Grosso
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Joseph Grosso,
President & CEO
BC FORM 51-102F3
MATERIAL CHANGE REPORT
1. NAME AND ADDRESS OF COMPANY
IMA Exploration Inc. (the "Issuer")
#709 - 837 West Hastings Street
Vancouver, BC
V6C 3N6
Phone: (604) 687-1828
2. DATE OF MATERIAL CHANGE
September 28, 2004
3. PRESS RELEASE
The press release was released on September 28, 2004 through various
approved public media and filed with the TSX Venture Exchange and the
British Columbia, Ontario and Alberta Securities Commissions.
4. SUMMARY OF MATERIAL CHANGE(S)
See attached press release for details.
5. FULL DESCRIPTION OF MATERIAL CHANGE
See attached press release for details.
6. RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102
Not Applicable
7. OMITTED INFORMATION
Not Applicable
8. EXECUTIVE OFFICER
Joseph Grosso
Phone: (604) 687-1828
9. DATE OF REPORT
September 28, 2004.
/s/ Joseph Grosso
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Joseph Grosso, President & CEO
IMA EXPLORATION INC.
Suite 709 - 837 West Hastings Street,
Terminal City Club Tower,
Vancouver, B.C. V6C 3N6
Tel: 604-687-1828 Fax: 604-687-1858 Toll Free: 800-901-0058
Internet: www.imaexploration.com E-mail: info@imaexploration.com
TSX Venture Exchange: IMR OTC Bulletin Board: IMXPF
Frankfurt & Berlin Exchanges: IMT (WKN 884971)
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NEWS RELEASE SEPTEMBER 28, 2004
IMA'S DRILLING INTERSECTS 39 METERS
GRADING 485 G/T (14.2 OZ/T) SILVER AT CONNECTOR ZONE
IMA EXPLORATION INC. (IMR - TSX.V, IMXPF - OTC-BB) is pleased to announce drill
results for drill holes 97 to 108 from the Connector Zone and Navidad Hill
targets on the Company's 100% owned Navidad silver-lead project in Patagonia,
Argentina. The Connector Zone lies between Navidad Hill and the Galena Hill
deposit, where an Indicated Resource of 207 million ounces of silver and 1.1
million tonnes lead was identified after Phase I drilling. The Phase II drill
program continues to produce excellent results that add to the overall size
potential of the project. Once all of the Phase II results are received, a
resource calculation will be conducted on Navidad Hill and the Connector Zone.
Below are highlights from the recent drill results. For drill hole locations,
please see the attached map and table or visit the Company's web site at
www.imaexploration.com.
Connector Zone
334 G/T SILVER OVER 46.7 METRES (M) in hole 107
485 G/T SILVER OVER 39.0M (INCLUDING 16.4M OF 1,028 G/T SILVER) in hole 108
Navidad Hill
390 G/T SILVER OVER 41.7M (INCLUDING 9.1M OF 718 G/T SILVER) in hole 100
1,489 G/T SILVER OVER 13.2M in hole 104
In addition to the excellent results at the Connector Zone, more bonanza-grade
intercepts have been returned from Navidad Hill where holes NV04-97 through 104
were drilled, predominantly on the southwest flank of the hill. Drill hole 104
intersected 13.2m of 1,489 g/t silver and hole 100 returned 41.7m of 390 g/t
silver including 9.1m of 718 g/t silver. These drill holes, together with holes
99 and 102, confirm that the bonanza grade silver intersected in hole 90 (35.8m
of 2,850 g/t silver, see September 15, 2004 news release) is part of a
stratigraphically controlled zone of shallowly west dipping mineralization.
New holes NV04-105 to 108 were drilled at the Connector Zone and suggest that
both structurally and stratigraphically controlled high-grade silver
mineralization occurs in this area. In the northwestern part of the Connector
Zone (holes 40, 68, 105, 106, and 107), the control on mineralization appears to
be stratigraphic with the mineralization occurring in the same stratigraphic
position as at the Galena Hill deposit and on the flank of Navidad Hill (hole
90). Highlights from this mineralization style include 46.7m of 334 g/t silver
from hole 107 and 13.3m of 545 g/t silver from hole 105.
In the southeastern Connector Zone (holes 32, 86, 87 and 108), the controls on
mineralization and the stratigraphic correlations are less clear. Hole 108 was
drilled towards the east to cross a northerly trending structural zone partially
exposed on surface (most holes in this area have been drilled towards the
northeast to cross the dominant structural trend) and intersected an impressive
485 g/t silver over 39.0m. Mineralization in hole 108 is of a somewhat different
style than that seen on surface and in adjacent holes; it comprises breccia with
sulfide infilling was not seen in adjacent holes 32 and 87.
Additional drilling will be required to test the extent of these new high-grade
intersections at the Connector Zone which remains open towards the northeast.
News Release September 28, 2004
IMA Exploration Inc. Page 2
The Company has included a rigorous quality assurance and quality control
program at the Navidad project including blank, duplicate, and standard samples
inserted randomly into the sample sequence. A complete description of this
procedure and updated maps showing the locations of all drilling completed to
date on the project are available on the Company's website at
www.imaexploration.com. Dr. Paul Lhotka, P.Geo. is the Qualified Person for the
Navidad project and has overseen all aspects of the current program.
IMA Exploration Inc. has over 10 years experience in Argentina and is focused on
the exploration and development of its 100% owned Navidad silver discovery and
its property portfolio in the region.
Table 1: Navidad Project - New Drill Hole Results.
DDH LOCATION FROM TO INTERCEPT G/T SILVER % COPPER % LEAD
(METRES) (METRES) (METRES) (LWA) (LWA) (LWA)
NV04-97 Navidad Hill 7.50 39.24 31.74 105 0.01 2.43
including 25.50 39.24 13.74 148 0.03 5.28
NV04-98 Navidad Hill 40.93 67.70 26.77 185 0.20 2.30
NV04-99 Navidad Hill 44.60 74.58 29.98 188 0.14 1.80
including 44.60 61.70 17.10 280 0.16 3.05
NV04-100 Navidad Hill 23.45 65.19 41.74 390 0.22 2.61
including 40.60 49.70 9.10 718 0.32 5.97
NV04-101 Navidad Hill no significant results
NV04-102 Navidad Hill 47.78 63.59 15.81 116 0.09 1.78
including 56.00 63.59 7.59 191 0.17 0.87
NV04-103 Navidad Hill 11.02 16.80 5.78 63 0.05 0.21
NV04-104 Navidad Hill 38.45 51.60 13.15 1,489 0.09 0.80
NV04-105 Connector Zone 33.43 46.70 13.27 545 0.14 1.78
NV04-106 Connector Zone 45.80 70.70 24.90 147 0.04 0.69
including 65.56 67.70 2.14 1,196 0.33 1.63
NV04-107 Connector Zone 52.90 99.56 46.66 334 0.31 0.94
including 71.60 97.10 25.50 548 0.55 0.91
NV04-108 Connector Zone 31.50 70.50 39.00 485 0.10 0.26
including 54.07 70.50 16.43 1,028 0.19 0.54
Notes:
1. All length weighted averages (LWA) are "uncut".
2. True thicknesses have yet to be interpreted for these holes. True thickness
in the case of sub-vertical structures and -45(Degree) drill holes are
likely to be approximately 70% of the intercept length; true thickness in
the case of shallowly dipping stratigraphically-controlled mineralization
is likely to be between 70 and 100% of the intercept length.
ON BEHALF OF THE BOARD
/s/ Joseph Grosso
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Mr. Joseph Grosso, President & CEO
For further information please contact Joseph Grosso, President & CEO, or Sean
Hurd, Investor Relations Manager, at 1-800-901-0058 or 604-687-1828, or fax
604-687-1858, or by email, or visit the Company's web site at
http://www.imaexploration.com. The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or the accuracy of this release.
CAUTIONARY NOTE TO US INVESTORS: This news release may contain information about
adjacent properties on which we have no right to explore or mine. We advise U.S.
investors that the SEC's mining guidelines strictly prohibit information of this
type in documents filed with the SEC. U.S. investors are cautioned that mineral
deposits on adjacent properties are not indicative of mineral deposits on our
properties. This news release may contain forward-looking statements including
but not limited to comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such
statements. 2004 NUMBER 26
[OBJECT OMITTED]
Please refer to Company website to view
omitted graphic: www.imaexploration.com