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 APRIL , 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 April 30, 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.
- 1 -
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")
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
April 30, 2003
3. PRESS RELEASE
A press release dated April 30, 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 30th day of April, 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 April 30, 2003
THIRD STYLE OF SILVER-COPPER-LEAD MINERALIZATION DISCOVERED
AT NAVIDAD PROJECT
IMA Exploration Inc (IMR - TSX.V) is pleased to announce that that the Company's
exploration team has identified a third style of silver-copper-lead
mineralization that is believed to have substantial size and grade potential at
the Company's 100% owned Navidad Project in Patagonia, Argentina.
The newly discovered third style of silver-copper-lead mineralization is within
breccias proximal to the Navidad Hill flow dome. Results ranged from 6 ounces
per tonne ("oz/t") to 180 oz/t silver (205 to 6,120 grams per tonne "g/t"), 0.1
to 14.9% copper, and 0.2 to 25.3% lead in eleven samples (9 chip and 2 grab
samples) for which assays have been received.
Previously announced results from the Navidad Project include over 402 metres of
mapped bonanza-grade structures averaging 191 oz/t silver (6,537 g/t), 3.5%
copper, and 16.6% lead and over 3.2 kilometres mapped strike length of
stratabound replacement-style mineralization averaging 4.61 oz/t silver (158
g/t) and 8.9% lead.
Geologic observations have confirmed earlier interpretations that the Navidad
discovery represents a silver-enriched epithermal to VMS system similar in
geologic setting to the Eskay Creek deposit. These observations indicate that
the mineralizing system was emplaced in a shallow marine or lagunal environment
and include laminated to bedded semi-massive sulphides, bedded barite, and
exhalative chert and carbonate layers containing highly anomalous silver, lead,
and zinc.
A detailed $300,000 to $400,000 surface program has commenced with the
mobilization of Quantec Geoscience Argentina S.A. (subsidiary of Quantec
Geoscience Ltd.) to conduct an IP survey on Navidad. The IP survey will include
test lines of pole-dipole IP and approximately 70 kilometres of gradient IP
(contingent on results). Geophysical work will include both induced polarization
(IP) and gravimetric surveys and will test a large area with no rock outcrop
peripheral to outcropping mineralization that is thought to have excellent
potential for additional replacement-style mineralization and/or stratiform
massive sulphide lenses. In addition, detailed rock sampling and mapping over
the entire target area is ongoing, as well as infill soil sampling and regional
reconnaissance work.
The Navidad Project is located well to the east of the Patagonian cordillera in
generally low relief that is primarily used for sheep ranching. IMA is working
with members of the local community in order to ensure that our exploration
efforts provide local employment and result in a positive contribution to the
local economies and social infrastructure.
IMA Exploration Inc. has a strong treasury of over $4,000,000 to fund its
exploration objectives. The Company focuses on quality exploration work designed
to define economic gold and silver deposits in Argentina and Peru. IMA has put
together an enviable property portfolio including over 37 well-located,
high-potential projects and is continuing to add to this package through
grass-roots exploration and staking.
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 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 16