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 , 2004.
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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): _______
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 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.
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(Registrant)
Date April 13, 2004 By /s/ Joseph Grosso
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(Signature)
Joseph Grosso,
President & CEO
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 13, 2004
3. PRESS RELEASE
A press release dated April 13, 2004 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 news release.
5. FULL DESCRIPTION OF MATERIAL CHANGE
Please see attached news release.
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:
Joseph Grosso
President & CEO
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 13th day of April, 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 APRIL 13, 2004
IMA RELEASES FINAL RESULTS FROM PHASE I DRILLING
ON GALENA HILL TARGET - RESOURCE CALCULATION UNDERWAY
IMA EXPLORATION INC. (IMR-TSX.V, IMXPF-OTC.BB) is pleased to announce the final
results from the recently completed Phase I drill program on IMA'S 100% OWNED
NAVIDAD PROJECT. The final drill holes reported here, 41 to 53, are all from the
Galena Hill target where Snowden Mining Industry Consultants Inc. has been
contracted by IMA to calculate a silver-lead resource. Results from this first
ever resource calculation on the Navidad project are expected in early May.
Highlights from the current Galena Hill drilling include:
- 26.9M OF 355.4 G/T SILVER AND 5.34% LEAD FROM HOLE 45
- 80.2M OF 254.7 G/T SILVER IN HOLE 50
- 46.1M OF 270.6 G/T SILVER IN HOLE 52
- 90.6M OF 177.8 G/T SILVER AND 5.33% LEAD IN HOLE 44
- 113.2M OF 150.8 G/T SILVER AND 1.98% LEAD IN HOLE 42
An 8,000 to 10,000m Phase II drill program is expected to commence in the next
few weeks,. This program will focus on testing known mineralization at Navidad
Hill, Barite Hill, and Calcite Hill, all located within a 5.8 km mineralized
trend that includes Galena Hill. In addition, Phase II drilling will further
test the "Connector Zone" which has recently been indicated by drilling between
Navidad and Galena hills and the Esperanza Trend and confirmed in drill hole 25
(see press release dated March 3, 2004). The Esperanza Trend is estimated to be
5 - 6 km long and runs approximately parallel to the Navidad 5.8 km mineralized
trend.
Crews are presently on the project completing an expanded grid soil sampling
program, additional pole-dipole IP and detailed mapping and sampling of areas to
be drilled in the upcoming phase II drill program.
An updated summary of drill hole results and locations is available on IMA's
website (www.imaexploration.com), as is a summary of the Company's rigorous
quality-control and quality-assurance procedures. Dr. Paul Lhotka is IMA's
Qualified Person for the Navidad project and has overseen all aspects of the
current program.
UPCOMING TARGETS
At Navidad Hill, 8 drill holes have been previously drilled, testing
approximately 80 metres of the 475 metre mineralized strike length. Previous
results included 83.7m at 246.9 g/t silver in hole NV03-07 and 68.6m of 274.5
g/t silver in hole NV03-08. Continued drilling will test the strike extension of
this zone both to the northwest and southeast.
-2-
At Barite Hill, mapping and rock chip sampling have defined significant galena
matrix breccia over an area approximately 700m long by 300m wide. Previously
reported results include a length-weighted average of 109 g/t silver and 4.73%
lead from 67 measured chip samples. It is interpreted that Barite hill may host
a similar style silver-lead deposit to that at Galena Hill.
The Esperanza Trend is a linear geophysical anomaly that shows up as a
chargeability high, resistivity high, magnetic high, and a gravity high. It has
been tested by one drill hole to date, NV04-25, which returned 7.95m of 303.4
g/t silver. The Esperanza Trend has been traced for a strike length of
approximately 5 - 6 kilometres by geophysics to date.
Calcite hill is the location of a strong silver and lead in soils anomaly that
has not yet been explained by mineralized outcrop. This silver-lead+/-copper
anomaly is approximately 400m by 200m in size as defined by greater than 2.1 g/t
silver in soil samples. The area is underlain by volcanic rock similar to that
which hosts mineralization at Navidad and Galena Hills.
TECHNICAL SUMMARY
Drill holes NV04-41 to 53 were drilled at Galena hill in order to increase the
density of drill hole data to allow the calculation of a silver-lead resource.
With these holes, the central portions of the Galena Hill deposit have now been
drilled at approximately 80 to 100 metre centers. A representative from Snowden
recently completed the required site visit to the Navidad Project to perform the
NI 43-101 compliant resource estimate for Galena Hill.
All holes encountered the expected stratigraphy and intersected the mineralized
volcanic sequence that hosts the Galena Hill Deposit. Results from these holes
are tabulated below. To date, 8853 metres of HQ core has been drilled at the
Navidad Project, 4802 samples have been assayed from this core encompassing
7918.7 metres of drill core. The remaining 934.3 metres of unsampled core is
predominantly unmineralized basement volcaniclastic rock. All holes have now
been surveyed by a professional surveyor and precise collar coordinates are now
posted on IMA's web-site.
In total, 35 drill holes have now been drilled into the Galena Hill deposit.
These holes define a silver-lead deposit approximately 400 metres long by
approximately 300 metres wide with thickness varying from 30 to 120 metres.
Grade distributions show a zone of high-grade silver values with lesser copper
and relatively lower lead values along the northeastern boundary of the deposit;
this area is interpreted to be the source or feeder zone for mineralizing fluids
which created the deposit. Moving to the southwest from this feeder zone,
lead:silver ratios increase and are interpreted as more distal portions of the
deposit.
-3-
Table 1: Results from drill holes NV04-41 to NV04-53 at Galena Hill
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DRILL HOLE LENGTH FROM TO INTERSECTION G/T SILVER % COPPER % LEAD
(METRES) (METRES) (METRES) (METRES) (LWA) (LWA) (LWA)
================================================================================================================
NV04-41 145.2 58.10 129.00 70.90 78.5 0.08 0.33
================================================================================================================
NV04-42 187.9 48.35 161.55 113.20 150.8 0.03 1.98
including 67.90 121.90 54.00 239.1 0.04 3.04
================================================================================================================
NV04-43 230.6 44.20 127.25 83.05 153.2 0.01 5.48
including 44.20 89.00 44.80 216.9 0.01 6.81
================================================================================================================
NV04-44 232.9 13.35 103.90 90.55 177.8 0.01 5.33
including 13.35 28.90 15.55 445.3 0.02 8.77
================================================================================================================
NV04-45 167.0 43.00 69.85 26.85 355.4 0.00 5.34
including 43.00 51.05 8.05 958.4 0.01 15.31
================================================================================================================
NV04-46 239.0 30.40 167.00 136.60 30.9 0.00 1.06
including 30.40 65.00 34.60 61.8 0.00 1.51
================================================================================================================
NV04-47 236.0 12.90 131.00 118.10 36.6 0.00 2.06
including 84.50 116.00 31.50 59.5 0.00 4.31
================================================================================================================
NV04-48 67.5 16.50 32.85 16.35 30.6 0.00 0.53
including 26.70 31.80 5.10 49.7 0.01 0.54
================================================================================================================
NV04-49 82.8 63.45 82.80 19.35 31.6 0.00 0.38
================================================================================================================
NV04-50 113.0 20.80 101.00 80.20 254.7 0.14 0.93
including 20.80 65.00 44.20 391.0 0.23 0.44
================================================================================================================
NV04-51 100.5 64.50 81.85 17.35 185.9 0.05 2.37
================================================================================================================
NV04-52 100.5 16.50 62.55 46.05 270.6 0.10 0.62
================================================================================================================
NV04-53 97.5 15.70 30.80 15.10 52.0 0.04 0.72
================================================================================================================
Notes: 1. All length weighted averages (LWA) are "uncut".
2. A complete list of all results and collar locations to date is
available on IMA's website (www.imaexploration.com).
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.
2004 NUMBER 15