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 MAY , 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 May 27, 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.
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 MAY 27, 2003
SOIL ANOMALIES AT NAVIDAD EXTENDED TO 5.8 KM
IMA Exploration Inc (IMR:TSX-V) is pleased to announce the results from the
recently completed soil sampling survey at the Company's 100% owned Navidad
silver discovery in Patagonia, Agrentina. The results to date are very
encouraging as it continues to meet and exceed expectations of IMA's Technical
Team. Significant naturally-occurring metal anomalies in soils have now been
extended to an overall strike length of 5.8 km.
Highlights of the soil survey include a 1,700 by 300 metre silver-copper-lead
anomaly over the Navidad Hill and Galena Hill areas. This strong soil anomaly,
which IMA Geologists believe to be very significant, is defined by greater than
2 grams per tonne (g/t) silver and generally greater than 100 ppm copper. Within
this zone there is a central core of greater than 10 g/t silver in soils
(includes values of up to 298 g/t Ag) of approximately 600 by 200 metres.
Portions of this central core correlate with the outcropping bonanza-grade
mineralization at Navidad Hill and these soil results demonstrate the potential
to expand this zone significantly.
Significant soil anomalies also exist at Barite and Calcite Hills. Silver values
of up to 531 g/t have been received from outside areas of known high-grade
mineralization and show excellent potential for additional discoveries. Lead
values are consistently elevated and correlate well with silver over the entire
5.8 kilometre survey length. Samples of greater than 500 ppm lead have been
returned from every line within the survey area. A total of 958 soil samples
have now been collected on the Navidad project at 50 metre sample spacing on
lines spaced 100 metres and 50 metres apart in key areas. Please visit our
website WWW.IMAEXPLORATION.COM for complete details of this survey.
The first phase of detailed 1:500 and 1:1,000 scale mapping and sampling in the
Navidad, Galena, and Barite Hill areas was completed and 824 rock chip samples
have been collected. Results will be released over the next few weeks, once they
are received and reviewed by IMA geologists. In addition, Quantec Geoscience
Argentina S.A. is currently collecting IP/Resistivity data over a 2.5 by 7.0
kilometre area at Navidad. Preliminary results indicate significant anomalies
over areas of known bonanza-grade structures and known galena matrix breccia,
anomalies have also been defined in new areas that are completely soil covered.
Final results from this survey are expected in mid to late June.
Quality control measures have been an integral part of this soil survey and all
of IMA's work at the Navidad Project. Approximately 10% of the 958 soil samples
submitted were either duplicate samples collected at the same sample site as the
original or blank samples. All samples were analyzed by ALS Chemex by ICP and AA
techniques. Sample collection was overseen by Dr. Paul Lhotka, P.Geo., IMA's
Qualified Person on the Navidad Project. Review of the data for blanks and
duplicate samples indicates no contamination or reproducibility problems were
encountered.
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 18