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 JUNE, 2005.
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 [X]
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: JUNE 21, 2005 /s/ Joseph Grosso
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Joseph Grosso,
President & CEO
IMA EXPLORATION INC.
(A Grosso Group Company)
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 - JUNE 21, 2005
DRILLING INTERCEPTS SILVER MINERALIZATION 525 METRES NORTHWEST
OF CALCITE HILL RESOURCE AT IMA'S NAVIDAD DISCOVERY
IMA Exploration Inc. (IMR-TSX.V, IMXPF-OTC.BB) is pleased to announce results
for diamond drill holes 175 to 188 from its 100% owned Navidad Silver-Lead
project in Patagonia, Argentina. Holes 178 and 179, located 525 metres to the
northwest of the boundary of current resources at Calcite Hill (see attached
map), intercepted 30.0M OF 122 G/T SILVER AND 25.0M OF 251 G/T SILVER,
respectively, discovering an important extension to the mineralization along the
Navidad Trend. In addition, hole 175 which was drilled at Galena Hill,
intercepted 194 METRES OF 188 G/T SILVER AND 5.8% LEAD including 49.8 metres of
481 g/t silver and 14.2% lead (see attached table). These results highlight the
potential for increasing the silver resources at the Navidad project.
Indicated Resources at the Navidad Silver-Lead discovery of 300.7 million ounces
of silver and 1.27 million tonnes of lead (92.8 million tonnes @ 101 g/t silver
and 1.36% lead), and Inferred Resources of 39.4 million ounces of silver (15.2
million tonnes @ 78 g/t silver), are located within a 2.3 kilometre segment of
the Navidad Trend. Significant portions of the three mineralized trends that
have been identified to date on the Navidad project have received little or no
drilling. The Navidad Trend, the Argenta Trend and the Esperanza Trend combined
cover in excess of 14 km of strike potential. Continued exploration drilling
will systematically drill test the mineralized trends and updated resource
calculations will be conducted on an ongoing basis as drill results warrant.
Step-out drilling 525m to the northwest of the Indicated Mineral Resource at
Calcite Hill has identified an important new style of silver mineralization.
This mineralization consists of minor amounts of galena and possibly other
sulphide/sulphosalt minerals, hosted within coarse-grained sedimentary rocks
that occur interbedded within a finer grained sedimentary sequence. The coarse
grained sediments have strong clay alteration and appear to be partially derived
from the favourable volcanic horizon that hosts most of the Navidad Project
mineralization, but are located laterally and/or above it. Six drill holes have
been completed ranging from 525 to 1,225 metres to the northwest of Calcite Hill
where new resources were recently reported (June 16, 2005). Results are
available for only the first two, holes 178 and 179. Both holes contain
intersections with significant silver and lead values over significant core
lengths. Mineralization intercepted in these two holes appears to correlate well
across the 110m between the mineralized intervals, with a nearly horizontal dip.
The mineralization starts 30-50m below surface and has a true thickness of about
20-35m. At present the extents of this new style of mineralization are unknown,
however the sedimentary rocks which host the mineralization are present over a
large area extending from Calcite Hill to the west and northwest. Further
drilling in this area will be planned once the results of all six reconnaissance
holes are received.
Diamond drill hole 175 was drilled at Galena Hill in order to provide material
for ongoing metallurgical testing. It was drilled from the platform of hole
NV04-44 at a 45(Degree) angle and crosses holes NV04-42 and 43 (113m of 158 g/t
silver, 2.07% lead and 83.0m of 161 g/t silver, 5.8% lead). Hole 175 returned
significantly higher than expected silver and lead values and significantly
exceeds the values predicted by the Galena Hill block model prepared by Snowden
and announced May 25, 2004. Hole 175 intersected 194 metres of 188 g/t silver
and 5.8% lead including 49.8 metres of 481 g/t silver and 14.2% lead.
NEWS RELEASE JUNE 21, 2005
IMA EXPLORATION INC. PAGE 2
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Eleven new holes have been completed to date at Calcite Hill around the
peripheries of the Indicated Resource (12 million tonnes @ 83 g/t silver and
0.75% lead - see June 16, 2005 release). The purpose of these drill holes was to
better define the margins of the Calcite Hill resource, in general results from
this drilling are as expected and will allow the company to move ahead with
testing new zones.
Dr. Paul Lhotka is IMA's Qualified Person for the Navidad project under National
Instrument 43-101 regulations and has overseen all aspects of the current
exploration program. IMA has implemented a rigorous program of quality assurance
and quality control at the Navidad project, for complete details of this and for
more maps depicting the work described herein please visit IMA's web site at
HTTP://WWW.IMAEXPLORATION.COM/.
IMA Exploration Inc's Annual General Meeting of shareholders will take place at
12:30pm on Thursday June 23rd, 2005, in the Garibaldi Room at the Four Seasons
Hotel, 791 West Georgia Street, Vancouver, B.C., Canada.
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 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.
2005 NUMBER 12
NEWS RELEASE JUNE 21, 2005
IMA EXPLORATION INC. PAGE 3
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Diamond drill hole results, holes NV04-175 to 188:
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COMPOSITE (LWA) (LWA) (LWA) (LWA)
DDH LOCATION FROM TO LENGTH SILVER COPPER LEAD ZINC
(metres) (metres) (meters) (g/t) % % %
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NV05-175 Galena Hill 47.18 241.63 194.45 188 0.01 5.79 0.38
including 47.18 174.87 127.69 254 0.01 8.13 0.55
including 47.18 97.00 49.82 481 0.02 14.23 0.71
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NV05-176 Calcite Hill 95.65 206.10 110.45 28 0.07 0.28 0.02
including 95.65 116.64 20.99 63 0.02 1.46 0.05
including 107.50 116.64 9.14 89 0.02 2.22 0.04
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NV05-177 Calcite Hill 213.18 218.10 4.92 94 0.17 0.19 0.09
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NV05-178 NW Calcite Ext 68.00 112.80 44.80 96 0.03 0.76 0.07
including 71.00 101.00 30.00 122 0.04 0.52 -0.01
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NV05-179 NW Calcite Ext 43.10 68.10 25.00 251 0.08 0.32 0.01
including 56.10 58.78 2.68 1909 0.58 1.31 0.09
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NV05-180 Calcite Hill 104.40 113.40 9.00 119 0.07 0.20 0.03
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NV05-181 Calcite Hill 3.00 19.02 16.02 36 -0.01 0.34 0.19
and 93.83 122.20 28.37 25 0.02 0.32 0.08
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NV05-182 Calcite Hill 123.07 156.81 33.74 39 0.13 0.02 0.03
including 123.07 128.20 5.13 57 0.26 0.01 0.06
including 145.96 156.81 10.85 71 0.11 0.03 0.02
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NV05-183 Calcite Hill 154.69 159.71 5.02 47 0.09 0.01 -0.01
and 196.75 201.00 4.25 67 0.10 0.02 0.02
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NV05-184 Calcite Hill 82.66 176.20 93.54 97 0.04 0.77 0.02
including 94.90 99.82 4.92 712 0.32 3.65 0.05
including 120.14 124.07 3.93 333 0.13 0.29 0.00
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NV05-185 Calcite Hill 106.97 143.00 36.03 71 0.29 0.23 0.06
including 106.97 111.22 4.25 256 0.66 0.61 0.16
and 58.25 59.81 1.56 5106 1.38 3.12 0.27
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NV05-186 Calcite Hill 43.50 100.20 56.70 82 0.12 0.99 0.19
including 44.70 53.10 8.40 259 0.08 6.15 0.68
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NV05-187 Calcite Hill no significant results
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NV05-188 Calcite Hill 184.16 200.00 15.84 168 0.21 0.01 0.04
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NEWS RELEASE JUNE 21, 2005
IMA EXPLORATION INC. PAGE 4
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[GRAPHIC OMITTED][GRAPHIC OMITTED]
Omitted Graphic - Map of Calcite Hill Resource and Recent Drilling
Prepared June 21, 2005
Legend showing Navidad Drill Results with
g/t silver X Intercept Length
Pinpointing Calcite Hill Indicated Resource
Pinpointing Navidad Hill Indicated Resource
[Omitted Graphic may be viewed at Company website: www.imaexploration.com]