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 SEPTEMBER, 2004.
Commission File Number: 0-30464
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 [ ]
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.
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Date: SEPTEMBER 15, 2004 /s/ Joseph Grosso
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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
September 15, 2004
3. PRESS RELEASE
The press release was released on September 15, 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
September 15, 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 SEPTEMBER 15, 2004
IMA INTERSECTS BONANZA-GRADE SILVER OVER 35.8 METRES
GRADING 2,850 G/T (83.2 OZ/TON)
INCLUDING 11,995 G/T SILVER OVER 7.1 METRES (350.3 OZ/TON)
IMA EXPLORATION INC. (IMR - TSX.V, IMXPF - OTC-BB) is pleased to announce Phase
II drill results from holes 89 to 96 on the Company's 100% owned Navidad
Silver-Lead-Copper discovery in Patagonia, Argentina. Highlights include drill
hole 90 on the Navidad Hill target that returned 35.8 METRES (M) OF 2,850 GRAMS
PER TONNE (83.2 OZ/T) SILVER INCLUDING 7.3M OF 11,995 G/T (350.3 OZ/T) SILVER
beginning at 16.5m depth (see attached map).
These latest results, in addition to those from hole 88 (a 470 metre step-out
from Navidad Hill, see Sept. 8, 2004 news release), clearly demonstrate the
potential for outlining significant additional resources at Navidad Hill and
Calcite Hill. Both of these targets are northwest of the Galena Hill deposit,
where after Phase I drilling the Company announced a significant deposit that
contains an Indicated Resource of 207 million ounces of silver and 1.1 million
tonnes lead (see May 25, 2004 release).
Drill hole 90 was drilled at an inclination of -45(Degree) towards the northeast
on the western flank of Navidad Hill, approximately 275m northwest of drill
holes 1 and 2 and in an area of little or no outcrop. Bonanza-grade
mineralization in drill hole 90 contains semi-massive silver-copper-lead
sulphides and/or sulphosalts. In several locations native silver occurs as fine
veinlets and grains up to 5mm in size (see photo posted at
www.imaexploration.com).
Mineralization occurs on the western flank of the Navidad volcanic dome and, as
is common in other zones at the project, is strongest at the contact between
overlying mudstone and trachyandesitic volcanic rocks. The mineralization is
believed to be stratigraphically controlled and to be gently dipping to the
southwest. Based on this assumption, the true thickness of this zone is
interpreted to be 85-90% of the intersection.
Bonanza-grade mineralization in hole 90 appears to be related to, and in the
same stratigraphic position as, that previously reported in hole 73. Upcoming
results from the surrounding drill holes (99, 100, 104, 116, etc) should confirm
the orientation and extent of this important new zone. Drill hole 89 was drilled
in the same area as hole 90 on the flank of Navidad Hill, between holes 90 and
73 but was drilled down a northeast-trending fault and therefore returned only
10.9m of 109 g/t silver. It is expected that tightly spaced, follow-up drilling
will be required to fully define this very high-grade zone.
Of the remaining holes (tabulated below), 91 and 92 were drilled on Barite Hill
and 93 was a reconnaissance hole drilled between Galena and Barite Hills that,
significantly, intersected 9.1m of 1.4% lead. Holes 94, 95, and 96 were drilled
on the southwestern edge of the Connector Zone. Drill results for the remaining
holes in Phase II, holes 97 to 120, will be released as they become available.
The Company has included a rigorous quality assurance and quality control
program at the Navidad project including blank, duplicate, and standard samples
inserted randomly into the sample sequence. A complete description of this
procedure is available on the Company's website at www.imaexploration.com. Dr.
Paul Lhotka, P.Geo. is the Qualified Person for the Navidad project and has
overseen all aspects of the current program.
NEWS RELEASE SEPTEMBER 15, 2004
IMA EXPLORATION INC. PAGE 2
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.
Table 1: New Navidad Project drill results
DRILL (LWA) (LWA) (LWA)
HOLE ZONE FROM TO INTERCEPT SILVER COPPER LEAD
(M) (M) (M) g/t % %
NV04-89 Navidad Hill 17.70 28.60 10.90 109 0.13 0.89
NV04-90 Navidad Hill 16.50 52.33 35.83 2,850 0.90 3.62
incl. 33.00 46.45 13.45 7,321 2.12 6.56
and 33.00 40.26 7.26 11,995 2.32 10.45
NV04-91 Barite Hill 3.00 16.50 13.50 12 0.00 0.48
and 123.50 153.95 30.45 13 0.00 0.28
NV04-92 Barite Hill no significant values
NV04-93 reconnaissance 93.68 94.81 1.13 42 0.00 6.73
and 137.93 147.00 9.07 11 0.05 1.44
NV04-94 Connector Zone 103.32 116.39 13.07 43 0.00 0.08
NV04-95 Connector Zone 49.08 64.80 15.72 53 0.00 0.53
NV04-96 Connector Zone no significant values
NV04-83(2) Navidad Hill 4.50 88.00 83.50 97 0.15 0.04
incl. 53.00 61.91 8.91 211 0.25 0.04
and 79.50 88.00 8.50 237 0.12 0.03
Notes:
(1) All length weighted average grades (LWA) are calculated with "uncut"
values.
(2) Due to a calculation error, results from NV04-83 were reported incorrectly
as 74.61m of 103 g/t silver in the release dated September 8, 2004. The
corrected value is reported above.
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, 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 26
[GRAPHIC OMITTED][GRAPHIC OMITTED]
PLEASE SEE COMPANY WEB-SITE FOR OMITTED GRAPHICS
www.imaexploration.com