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, 2005.
Commission File Number: 001-32558
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: SEPTEMBER 29, 2005 /s/ Joseph Grosso
------------------------------ -------------------------------------
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
American Stock Exchange: IMR
Frankfurt & Berlin Exchanges: IMT (WKN 884971)
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NEWS RELEASE - SEPTEMBER 29, 2005
NEW DRILLING ALONG IMA'S NAVIDAD TREND INTERSECTS UP TO 21M OF
545 G/T SILVER OUTSIDE KNOWN RESOURCES
IMA EXPLORATION INC. (IMR-AMEX, IMR-TSX.V) is pleased to report results from the
Phase III drill program at it's 100% owned Navidad project in Patagonia,
Argentina. Drilling has focused on expanding resources in the Connector, Navidad
Hill, and Calcite Hill zones as well as exploring the newly discovered Calcite
NW extension area. In addition, the company reports that five drill holes have
been completed at Loma de la Plata where previously announced surface sampling
has returned values of up to 40m of 740 g/t silver and 56m of 452 g/t silver.
Results from the Loma de la Plata drilling will be released as soon as they
become available.
At Calcite Hill, ten new drill holes have been completed, seven of which were
drilled outside of the previously estimated resource (see June 16, 2005 news
release). This drilling has defined an important new area of silver
mineralization to the northeast of previous drilling and resources (see attached
map). Highlights of these results include 27m of 407 g/t silver in hole 207 and
21m of 545 g/t silver in hole 209. This zone remains open further to the
northeast. Four additional holes were drilled based on the results of 207 and
209, but are not yet available.
Six new holes were completed along the southwest flank of Navidad Hill outside
of the current Indicated Resource. Five of the six holes had significant
intercepts (see table). The best results in this area were returned from hole
220 which returned 27m of 80 g/t silver including 3.2m of 389 g/t silver. This
mineralization remains open to expansion down-dip to the southeast.
Ten new drill holes were collared at the Connector Zone with the goal of
providing the additional drill density required to upgrade the previously
defined Inferred Resources to the Indicated category. Drilling here was
successful in defining long intervals of moderate-grade silver mineralization
with rare high-grade structures (e.g. 2m of 2,171 g/t silver in hole 234).
Important intercepts include 26m of 104 g/t silver in hole 230, 37m of 107 g/t
silver in hole 231, 21m of 237 g/t silver in 234, and 32m of 110 g/t silver in
hole 237. Much of this mineralization starts at or very near surface.
Nine widely spaced holes were collared at the newly-discovered Calcite NW
Extension and cover a strike length of 950m within the 1.2 kilometre long zone
(see attached map). Results include 63m of 88 g/t silver in hole 223, 23m of 92
g/t silver in hole 224 and 23m of 115 g/t silver in hole 227. These new results,
coupled with previously reported results, define a central area of approximately
400 x 150m x 5 to 60m thick (defined by drill holes 178, 179, 202, 203 and
223-227). Reconnaissance drilling elsewhere in the Calcite Northwest Extension
has defined significant mineralization outside of this central block that will
be followed up with additional drilling in future programs.
The Calcite Hill NW zone is proving to have good geological continuity from hole
to hole and comprises a distinctive volcanic tuff-breccia and the sedimentary
rocks immediately above and below it. Galena is normally visible, sometimes
copper minerals can be recognized, and in rare cases native silver has been seen
in the core. The host rocks are often strongly clay altered. Assay values are
somewhat erratic within the zone hence the range of thicknesses reported above
the nominal cutoff grade. The zone is nearly flat-lying and typically starts at
shallow depths of 15 to 50m below surface.
NEWS RELEASE SEPTEMBER 29, 2005
IMA EXPLORATION INC. PAGE 2
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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/.
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, Vice President, Investor Relations, 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 21
TABLE 1: DIAMOND DRILL HOLE RESULTS.
COMPOSITE G/T % % %
DDH LOCATION FROM TO LENGTH SILVER COPPER LEAD ZINC
(METRES) (METRES) (METRES) (LWA) (LWA) (LWA) (LWA)
=============================================================================================================
NV05-205 Calcite Hill 63.48 80.98 17.50 64 0.12 0.12 0.03
including 63.48 76.26 12.78 76 0.16 0.16 0.04
=============================================================================================================
NV05-206 Calcite Hill 72.81 78.94 6.13 38 0.01 0.51 0.44
=============================================================================================================
NV05-207 Calcite Hill 48.13 75.19 27.06 407 0.34 2.21 0.28
including 64.40 70.48 6.08 903 0.87 0.15 0.20
=============================================================================================================
NV05-208 Calcite Hill 63.54 93.50 29.96 76 0.30 0.05 0.03
including 78.65 93.50 15.14 133 0.45 0.05 0.02
=============================================================================================================
NV05-209 Calcite Hill 148.10 167.97 21.27 545 0.22 0.21 0.08
=============================================================================================================
NV05-210 Calcite Hill 41.23 48.50 7.27 68 0.03 3.53 1.90
=============================================================================================================
NV05-211 Calcite Hill 128.35 190.85 62.50 84 0.04 0.09 0.01
including 128.35 131.81 3.46 762 0.15 0.06 0.01
and 164.15 184.50 20.35 80 0.05 0.08 0.01
=============================================================================================================
NV05-212 Calcite Hill 142.35 176.25 33.90 86 0.07 0.16 0.00
including 169.03 176.25 7.22 216 0.21 0.62 0.03
=============================================================================================================
NEWS RELEASE SEPTEMBER 29, 2005
IMA EXPLORATION INC. PAGE 3
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COMPOSITE G/T % % %
DDH LOCATION FROM TO LENGTH SILVER COPPER LEAD ZINC
(METRES) (METRES) (METRES) (LWA) (LWA) (LWA) (LWA)
=============================================================================================================
NV05-213 Calcite NW 1.50 26.00 24.50 42 0.00 0.42 0.08
and 98.50 104.90 6.40 97 0.00 0.16 0.08
=============================================================================================================
NV05-214 Calcite NW 117.18 119.96 2.78 238 0.04 3.61 0.03
=============================================================================================================
NV05-215 Calcite NW 43.13 62.32 19.19 111 0.09 0.70 0.14
=============================================================================================================
NV05-216 Calcite NW none
=============================================================================================================
NV05-217 Navidad Hill 137.00 141.15 4.15 46 0.27 0.21 0.07
=============================================================================================================
NV05-218 Navidad Hill 63.79 74.84 11.05 47 0.04 4.16 0.04
=============================================================================================================
NV05-219 Navidad Hill 58.89 60.87 1.98 436 0.15 6.05 0.02
and 81.17 102.87 21.70 67 0.06 0.28 0.02
=============================================================================================================
NV05-220 Navidad Hill 66.65 93.92 27.27 80 0.04 1.40 0.02
including 90.68 93.92 3.24 389 0.23 0.02 0.02
=============================================================================================================
NV05-221 Navidad Hill none
=============================================================================================================
NV05-222 Calcite NW 18.54 43.62 23.62 59 0.09 0.68 0.05
including 18.54 24.55 6.01 69 0.03 0.29 0.03
and 31.25 32.68 1.43 563 0.21 2.23 0.06
=============================================================================================================
NV05-223 Calcite NW 15.35 78.00 62.65 88 0.02 0.39 0.05
including 57.17 59.80 2.63 299 0.21 1.89 0.09
and 73.85 78.00 4.15 972 0.12 0.71 0.05
=============================================================================================================
NV05-224 Calcite NW 43.57 66.72 23.15 92 0.03 0.87 0.03
including 55.73 62.34 6.61 281 0.10 0.48 0.01
=============================================================================================================
NV05-225 Calcite NW 46.92 63.16 16.24 101 0.04 0.52 0.06
=============================================================================================================
NV05-226 Calcite NW 41.00 59.13 18.13 74 0.05 0.41 0.03
including 41.00 47.70 6.70 112 0.03 0.17 0.02
=============================================================================================================
NV05-227 Calcite NW 51.53 74.10 22.57 115 0.00 0.65 0.00
including 63.45 74.10 10.65 229 0.01 0.67 -0.01
=============================================================================================================
NV05-228 Connector Zone 4.50 43.35 38.85 57 0.05 0.19 0.13
including 20.11 34.90 14.79 96 0.06 0.30 0.12
=============================================================================================================
NV05-229 Connector Zone
=============================================================================================================
NV05-230 Connector Zone 25.30 51.78 26.48 104 0.03 0.77 0.21
=============================================================================================================
NV05-231 Connector Zone 3.00 40.31 37.31 107 0.08 0.18 0.05
including 7.30 31.26 23.96 132 0.09 0.25 0.05
=============================================================================================================
NV05-232 Connector Zone 3.00 45.60 42.60 71 0.08 0.09 0.05
=============================================================================================================
NV05-233 Connector Zone 19.30 79.94 60.64 64 0.05 0.07 0.04
including 19.30 29.30 10.00 106 0.07 0.10 0.04
and 68.40 79.94 11.54 109 0.09 0.13 0.05
=============================================================================================================
NV05-234 Connector Zone 35.22 55.87 21.40 237 0.15 0.05 0.07
including 35.22 37.26 2.04 2,171 1.33 0.42 0.33
=============================================================================================================
NV05-235 Connector Zone 20.48 51.18 30.70 38 0.03 0.63 0.23
including 46.60 51.18 4.58 90 0.09 0.25 0.05
and 90.56 96.07 5.51 98 0.05 0.25 0.03
=============================================================================================================
NV05-236 Connector Zone
=============================================================================================================
NV05-237 Connector Zone 3.00 34.63 31.63 110 0.08 0.12 0.04
=============================================================================================================
NEWS RELEASE SEPTEMBER 29, 2005
IMA EXPLORATION INC. PAGE 4
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COMPOSITE G/T % % %
DDH LOCATION FROM TO LENGTH SILVER COPPER LEAD ZINC
(METRES) (METRES) (METRES) (LWA) (LWA) (LWA) (LWA)
=============================================================================================================
NV05-238 Navidad Hill 119.00 134.86 15.86 49 0.04 0.06 0.02
=============================================================================================================
NV05-239 Calcite Hill 36.43 67.00 30.57 161 0.11 0.08 0.09
including 60.27 67.00 6.73 661 0.16 0.00 0.02
=============================================================================================================
NV05-240 Calcite Hill 34.67 55.40 20.73 108 0.22 0.10 0.11
including 34.67 38.69 4.02 453 0.31 0.28 0.32
=============================================================================================================
NEWS RELEASE SEPTEMBER 29, 2005
IMA EXPLORATION INC. PAGE 5
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[GRAPHIC OMITTED][GRAPHIC OMITTED]
OMITTED GRAPHIC IS MAP OF NAVIDAD TREND RESORUCES AND RECENT DRILLING
SEPTEMBER 29, 2005
Showing Indicated Resoruces Projected to Surface and Inferred Resources
Projected to Surface and Navidad Drill Results g/t silver X Intercept Length
TO VIEW MAP PLEASE VISIT THE COMPANY'S WEBSITE AT:
www.imaexploration.com