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 MARCH, 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: MARCH 40, 2005 /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
March 04, 2005
3. PRESS RELEASE
The press release was released on March 04, 2005 through various
approved public media and filed with the TSX Venture Exchange and the
British Columbia, Ontario, Alberta and Quebec 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
March 04, 2005.
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 MARCH 04, 2005
PHASE III DRILLING CONTINUES TO EXPAND SILVER
MINERALIZATION AT CALCITE HILL AND CONFIRMS HIGH GRADE RESOURCE
AT NAVIDAD HILL
IMA EXPLORATION INC. is pleased to announce results from diamond drill holes 134
to 145 of the Phase III drill program at it's 100% owned Navidad Project in
Patagonia, Argentina. Highlights from Calcite Hill drilling include hole 138
which intersected 123.6M OF 139 G/T SILVER and hole 143 which intersected 46.6M
OF 300 G/T SILVER including 10.3M OF 1,257 G/T SILVER. At Navidad Hill, infill
drill holes 139 and 142 have intersected significantly higher grades than
predicted by the resource block model, including 17.8M OF 1,037 G/T SILVER in
hole 139 and 34.5M OF 1,220 G/T SILVER INCLUDING 20.2M OF 1,979 G/T SILVER in
hole 142.
To date, over 32 diamond drill holes have been completed at Calcite Hill where
continued Phase III drilling is currently focused. Results are currently pending
for 17 of these as drilling has proceeded very rapidly of late. Drill holes have
been collared over an area of approximately 500m long by 100 to 300m wide.
Significant results to date include:
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Calcite Hill Core Length Silver Grade
Hole metres grams/tonne
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NV04-88* 72.3 202
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NV04-122* 20.2 102
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NV04-124* 122.6 195
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NV04-126* 100.3 156
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NV05-138 123.7 139
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NV05-143 46.6 300
including 10.3 1,257
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* = previously released
Mineralization encountered to date at Calcite Hill is zoned. In the upper part,
at and near the contact of the host trachyandesite volcanic rock, the
mineralization is galena-rich with moderate silver content. This mineralization
type comprises medium-grained galena with rare pyrite and few or no other
visible sulphide minerals. These occur predominantly as breccia infill and
veinlets within the host volcanic rock and as matrix to overlying sedimentary
rocks (such as in the upper parts of holes 88, 124 and 138). Lower down within
the volcanic host rock, veinlets and breccias have little or no galena but
commonly contain visible native silver and black sulphides suspected to be
argentite-acanthite (AgS) and perhaps stromeyerite (AgCuS) within a gangue of
calcite, barite and lesser silica (lower portions of holes 88, 124, 138 and
143). The Calcite Hill mineralization is entirely sulphide in nature with no
significant quantities of metal oxides. Both styles occur over significant
vertical thicknesses and mineralization is spatially associated with and hosted
by the same latite volcanic host rock which hosts the mineralization at Galena
Hill and Navidad Hill. No resource estimate has yet been made of the Calcite
Hill mineralization to date.
News Release March 4, 2005
IMA Exploration Inc. Page 2
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At Navidad Hill, holes 139 to 142 were completed surrounding hole 90 on the
southwest flank of Navidad Hill to provide more detailed information on this
zone of very high-grade silver mineralization. Of these, holes 139 (17.8m of
1,037 g/t Ag) and 142 (34.5m of 1,220 g/t Ag) intersected significantly higher
grade than that predicted by the Snowden resource block model. This new drill
data will help to define the high-grade material in future block model resource
estimates. Mineralization in this area consists of mixed sulphides and oxides
along the sedimentary-volcanic contact including argentite-acanthite,
stromeyerite, galena, and copper-silver oxides.
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 is well financed with over $9 million in its treasury to continue to test
the numerous exploration targets at Navidad with significant drill programs. The
Company has over 10 years experience in Argentina and is focused on the
exploration and development of its' 100% owned Navidad silver discovery.
Additionally, IMA will be exhibiting at Booth #2422 at the 2005 Prospectors and
Developers Association of Canada Conference in Toronto from March 6-9, 2005.
Shareholders and investors are invited to attend to meet with management and
hear about our recent developments.
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 6
News Release March 4, 2005
IMA Exploration Inc. Page 3
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TABLE 1: NEW PHASE III DRILL RESULTS.
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COMPOSITE (LWA) (LWA) (LWA)
DDH LOCATION FROM TO LENGTH SILVER COPPER LEAD
(Metres) (Metres) (Metres) g/t % %
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NV05-134 Calcite Hill 71.10 106.01 34.91 60 0.05 0.55
including 90.11 106.01 15.90 102 0.09 0.04
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NV05-135 Calcite Hill 54.43 84.87 30.44 43 0.06 0.89
ncluding 54.43 65.27 10.84 82 0.12 2.44
and 222.39 224.88 2.49 367 0.11 0.14
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NV05-136 Calcite Hill no significant results
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NV05-137 Calcite Hill 60.59 73.05 12.46 13 0.00 1.45
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NV05-138 Calcite Hill 87.74 211.00 123.26 139 0.09 1.07
including 155.50 160.00 4.50 654 0.31 0.42
and 192.50 211.00 18.50 387 0.13 0.15
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NV05-139 Navidad Hill 26.00 43.84 17.84 1,037 2.00 0.82
including 36.20 42.90 6.70 2,373 4.98 0.43
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NV05-140 Navidad Hill 29.00 61.71 32.71 85 0.09 0.62
including 29.00 41.56 12.56 171 0.14 1.52
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NV05-141 Navidad Hill 8.00 34.45 26.45 149 0.07 0.72
including 19.15 24.13 4.98 411 0.13 1.31
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NV05-142 Navidad Hill 11.00 45.45 34.45 1,220 1.04 1.64
ncluding 23.00 43.22 20.22 1,979 1.67 1.39
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NV05-143 Calcite Hill 82.30 211.39 129.09 125 0.05 0.16
ncluding 82.30 128.86 46.56 300 0.10 0.39
and 116.30 126.56 10.26 1,257 0.35 0.18
and 190.31 200.45 10.14 157 0.14 0.06
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NV05-144 Calcite Hill 69.27 82.62 13.35 19 0.00 0.80
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NV05-145 Calcite Hill 68.54 76.60 8.06 16 0.00 1.12
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Notes: 1. All length weighted averages (LWA) are uncut.
2. True thicknesses have yet to be determined.
3. A complete table of hole locations, lengths, and orientations is
available at IMA's website www.imaexploration.com
News Release March 4, 2005
IMA Exploration Inc. Page 4
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[GRAPHIC OMITTED][GRAPHIC OMITTED]
OMITTED GRAPHIC IS:
MAP OF MAVIDAD AND CALCITE HILLS - DRILL LOCATIONS - MARCH 3, 2005.
NAVIDAD PHASE III DRILL HOLE LOCATIONS
G/T SILVER X INTERCEPT LENGTH (M)
AVAILABE FOR VEIWING AT: www.sedar.com or www.imaexploration.com