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 MARCH , 2003.
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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
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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): _______
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
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): _______
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant 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
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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.
(Registrant)
Date March 28, 2003 By /s/ William Lee
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(Signature)
William Lee, Director and Chief Financial Officer
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1 Print the name and title of the signing officer under his signature.
BC FORM 53-901F
(FORM 27)
Securities Act
MATERIAL CHANGE REPORT
Section 85(1) of the Securities Act, British Columbia
(the "British Columbia Act")
Section 118(1) of the Securities Act, Alberta (the "Alberta Act")
Section 75(2) of the Securities Act, Ontario (the "Ontario Act")
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1. Reporting Issuer
The full name of the Issuer is IMA Exploration Inc. (the "Issuer"). The
address and telephone number of the principal office in Canada of the
Issuer is as follows:
#709 - 837 West Hastings Street
Vancouver, BC
V6C 3N6
Phone: (604) 687-1828
2. Date of Material Change
March 28, 2003
3. Press Release
A press release dated March 28, 2003, a copy of which is attached, was
released through various approved public media and filed with the TSX
Venture Exchange and the British Columbia, Alberta and Ontario Securities
Commissions.
4. Summary of Material Change(s)
Please see attached press release for details.
5. Full Description of Material Change
Please see attached press release for full details.
6. Reliance on Section 85(2) of the British Columbia Act, Section 118(2) of
the Alberta Act and Section 75(3) of the Ontario Act
Not Applicable
- 2 -
7. Omitted Information
Not Applicable
8. Senior Officer
The following senior officer of the Issuer is knowledgeable about the
material change and may be contacted by the Commission at the following
telephone number:
William Lee
Chief Financial Officer
Phone: (604) 687-1828
9. Statement of Senior Officer
The foregoing accurately discloses the material change referred to herein.
DATED at Vancouver, British Columbia, this 28th day of March, 2003.
/s/ William Lee
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William Lee, Chief Financial Officer
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 March 28, 2003
IMA DEFINES A LARGE GOLD-COPPER PORPHYRY TARGET
IN NORTHWESTERN ARGENTINA
IMA Exploration Inc. is pleased to announce results from a recently completed
surface program at its Mogote project, San Juan Province, Argentina. These new
results significantly expand the gold-copper exploration potential of the
project and show excellent opportunity for discovery of a deposit similar in
style to the nearby Marte-Lobo (6 million ounces gold resources) or Refugio (5
million ounces gold reserves and resources) deposits. Mogote is located along
the Argentina-Chile border between the prolific Maricunga and El Indio
mineralized belts. Geologic and alteration mapping suggest the presence of a
very large, high-level, gold-copper porphyry system on the Mogote property.
Detailed mapping, rock chip sampling, and talus-fines sampling have defined two
large, intersecting target areas at Mogote which are defined by coincident >100
ppb gold and >500 ppm copper in talus-fines sampling and have been confirmed by
rock chip sampling. Filo Central measures 4,000 metres by 800 metres and trends
north-northwest; it includes two higher-grade (>200 ppb gold) cores measuring
1,400 by 400 metres and 900 by 250 metres. Filo Este is 2,000 metres by 700
metres in size and trends east-west; within this zone a core of >200 ppb gold in
talus fines measures 1,200 by 250 metres. Alteration in the area of these zones
is clearly indicative of the uppermost portions of a porphyry system and
includes a central core of widespread potassic alteration (biotite, potassium
feldspar, and quartz-magnetite veining), quartz veining and stockwork in
porphyry and surrounding sediments, a halo of disseminated pyrite, and an outer
zone of propylitic alteration (chlorite, pyrite, epidote). All of these
alteration styles are overprinted by argillic alteration.
The >100 ppb gold contour in talus fine sampling has been previously used, with
documented success, to define several large gold-copper deposits in the
Maricunga belt. The anomaly at Filo Central is much longer and more continuous
than that defined during the early stages of the Refugio discovery; the Filo
Este anomaly approximates the size of the early talus fines anomaly at Lobo.
Neither of these targets have been drill tested or trenched.
The exploration work at Mogote was carried out by Linus Keating, D.Sc. under the
supervision of Lindsay Bottomer, P.Geo., IMA's Qualified Person for the project.
ON BEHALF OF THE BOARD
/s/ Gerald G. Carlson
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Dr. Gerald G. Carlson, P.Eng., Chairman
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 e-mail info@imaexploration.com, 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.
2003 NUMBER 11