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 JULY, 2004.
Commission File Number: 0-30464
IMA EXPLORATION INC.
--------------------------------------------------------------------------------
(Translation of registrant's name into English)
#709 - 837 West Hastings Street, Vancouver, British Columbia, V6C 3N6, Canada
--------------------------------------------------------------------------------
(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 [ ]
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.
-------------------------------------
Date: JULY 27, 2004 /s/ Joseph Grosso
------------------------------ -------------------------------------
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
July 27, 2004
3. PRESS RELEASE
The press release was released on July 27, 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
July 28, 2004.
/s/ Joseph Grosso
-------------------------------
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)
--------------------------------------------------------------------------------
NEWS RELEASE JULY 27, 2004
IMA'S DRILLING EXPANDS SILVER MINERALIZATION
AT NAVIDAD HILL
IMA EXPLORATION INC. (IMA-TSX.V, IMXPF-OTC.BB) is pleased to announce results
from drill holes 64 to 73 at the Navidad Hill and Connector zones on the
Company's 100% owned Navidad Project. Six new drill holes have been completed at
Navidad Hill, expanding the mineralized zone to approximately 200m long by 70 to
200m wide. Continued success at Navidad Hill will ultimately lead to a resource
estimation at Navidad Hill that will add to the previously released Indicated
Resource at Galena Hill of 207 MILLION OUNCES OF SILVER AND 1.1 MILLION TONNES
OF LEAD (63.6 Million tonnes grading 101 g/t silver and 1.76% lead).
Ongoing drilling at Navidad Hill has tested approximately half of the
mineralized zone exposed on surface and continues to intersect potentially
ore-grade silver mineralization (>50g/t Ag). This zone remains open along strike
to the northwest and down-dip to the southwest. Highlights of results from the
near-vertical, structurally controlled zone include 85M OF 83 G/T SILVER in hole
NV04-70, 1.4M OF 3,975 G/T SILVER in hole NV04-73, 19M OF 149 G/T SILVER in hole
NV04-71, 84M OF 247 G/T SILVER in hole NV03-07*, and 69M OF 275 G/T SILVER in
hole NV03-08*.
In addition to the structurally controlled mineralization previously intersected
at Navidad Hill, near-surface stratigraphically controlled silver mineralization
has now been identified along the southwest and southeast flanks of Navidad Hill
(drill holes NV04-68 and NV04-73). This new style of mineralization demonstrates
potential for moderate grade, bulk-tonnage silver targets around the south, east
and west sides of Navidad Hill and into the Connector Zone. Results include
29.55M OF 145 G/T SILVER in NV04-68 starting at 52.2m downhole, and 33M OF 92
G/T SILVER starting from surface in hole NV04-73, including 7.90M OF 286 G/T
SILVER.
Three new holes have been completed at the Connector Zone, two of which returned
potentially ore grade intercepts including NV04-68 mentioned above. Ongoing
drilling will continue to increase the density of drill data within the
Connector Zone in order to allow the estimation of an Indicated Resource. For a
summary of drill results from drill holes 64 to 73 and their locations please
see the attached map and table, or visit the Company's web site
(www.imaexploration.com).
Dr. Paul Lhotka, P.Geo. is IMA's 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.
(* These results were previously released.)
ON BEHALF OF THE BOARD
/s/ Joseph Grosso
----------------------------------
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.
IMA Exploration Inc. July 27, 2004
News Release Page 2
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 24
Table 1: New Navidad Hill and Connector Zone Drill Results
(LWA) (LWA) (LWA)
DRILL HOLE ZONE FROM TO INTERCEPT SILVER COPPER LEAD
(M) (M) (M) (g/t) (%) (%)
NV04-65 Navidad Hill 4.50 23.87 19.37 81 0.07 0.25
NV04-66 Connector Zone no significant results
NV04-67 Connector Zone 50.84 63.70 12.86 145 0.04 1.03
NV04-68 Connector Zone 52.20 81.75 29.55 98 0.03 0.40
NV04-69 Navidad Hill 3.00 103.95 100.95 53 0.07 0.07
including 29.43 34.69 5.26 78 0.22 0.08
and 63.83 66.05 2.22 232 0.02 0.02
NV04-70 Navidad Hill 3.00 87.75 84.75 83 0.09 0.04
including 58.30 62.85 4.55 421 0.23 0.06
and 81.10 87.75 6.65 175 0.12 0.03
NV04-71 Navidad Hill 3.00 88.50 87.70 54 0.12 0.03
including 69.50 88.50 19.00 149 0.15 0.02
including 78.15 85.50 7.35 265 0.21 0.05
NV04-72 Navidad Hill 45.01 53.85 8.84 46 0.04 0.04
NV04-73 Navidad Hill 3.00 36.40 33.40 92 0.04 0.80
including 28.50 36.40 7.90 286 0.17 1.19
and 58.00 59.40 1.40 3,975 0.88 0.16
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).
3. True thicknesses in the case of sub-vertical
structurally-controlled mineralization at Navidad Hill are likely
approximately 70% of the intercept length; true thicknesses in
the case of sub-horizontal stratigraphically-controlled
mineralization are likely between 70 and 100% of the intercept
length.
[OBJECT OMITTED]
[Omitted Object - Map of Navidad Hill Drill Results]
[See Company's Web site for copy of map - www.imaexploration.com]