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 22, 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 22, 2005
3. PRESS RELEASE
The press release was released on March 22, 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 22, 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 22, 2005
IMA'S DRILLING EXPANDS HIGH GRADE SILVER MINERALIZATION
AT CALCITE HILL -PROGRAM EXPANDED BY 10,000 METRES
IMA EXPLORATION INC. (IMR- TSX.V, IMXPF - OTC.BB) is pleased to report results
from Phase III diamond drill holes 146 to 161 at it's 100% owned Navidad project
in Patagonia, Argentina. Highlights from drilling at Calcite Hill include: 83.0M
OF 209 G/T SILVER IN HOLE 148 AND 80.2M OF 246 G/T SILVER INCLUDING 25.3M OF 476
G/T SILVER IN HOLE 151. The Calcite Hill soil anomaly extends for 1.4 km to the
northwest of current drilling and is located along the Navidad Trend where IMA's
Phase I & II drill programs defined an Indicated Resource of 268 MILLION OUNCES
OF SILVER AND 1.1 MILLION TONNES OF LEAD (80.8 million tonnes at 103 g/t silver
and 1.45% lead using a 50 g/t silver equivalent cut-off).
As a result of the success to date at Calcite Hill, IMA's Technical Committee
has approved a 10,000m expansion to the Phase III drill program, thereby
doubling the budgeted drill metres. This expansion will allow IMA's geologists
to continue to delineate high-grade silver mineralization at Calcite Hill. New
drill results from Calcite Hill (holes 146 to 152) have extended known silver
mineralization another 100m to the northwest bringing the size of the main
portion of Calcite Hill mineralization to approximately 275m long by 100m wide
by 50 to 120m deep (see attached map).
Drilling at the Connector Zone (holes 153-156) has intersected silver
mineralization over long intervals outside of the current Indicated Resource.
Results include 88.8m of 107 g/t silver in hole 153 and 28.8m of 148 g/t silver
in hole 154; both intercepts start at surface. Mineralization in holes 153 and
154 is open to expansion to the north and northwest. Both step-out and infill
drilling is required in this area and an updated resource estimate will be
undertaken when this is completed. At Navidad Hill, holes 157 to 161 were
collared along the southern boundary of the known resource and demonstrate that
mineralization continues beyond the limits of the Indicated portion of current
resource estimation.
Mineralization encountered to date at Calcite Hill is predominantly hosted
within trachyandesite volcanic rock and to a lesser degree within mudstone which
overlies the volcanic rock. The volumetrically most important style of
mineralization consists of calcite-barite veinlets and breccias with
argentite-acanthite, native silver and lesser galena and chalcopyrite. In
general, this style of mineralization contains high silver grades with minor
amounts of lead and copper. In the upper portions of the host volcanic unit, and
in the overlying mudstone, mineralization tends to be lead-rich and consists
predominantly of medium-grained galena with moderate silver values. A resource
estimate has not yet been done for Calcite Hill.
IMA Exploration Inc.
March 22, 2005
Page 2
IMA is well financed 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 environmentally responsible
exploration and development of its' 100% owned Navidad silver discovery.
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, 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 8
IMA Exploration Inc.
March 22, 2005
Page 3
Table 1: Phase III drill results, drillholes NV05-146 to 161
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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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NV05-146 Calcite Hill 71.35 83.39 12.04 59 0.14 <0.01
and 150.68 153.70 3.02 297 0.10 0.41
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NV05-147 Calcite Hill 74.10 87.72 13.62 37 0.07 0.06
and 163.37 170.10 6.73 43 0.10 0.07
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NV05-148 Calcite Hill 77.87 160.85 82.98 209 0.08 1.23
including 115.81 120.40 4.59 1197 0.23 1.16
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NV05-149 Calcite Hill 70.97 195.17 124.20 135 0.09 0.29
including 90.66 131.30 40.64 229 0.09 0.21
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NV05-150 Calcite Hill 70.17 75.53 5.36 35 <0.01 0.75
and 83.69 92.18 8.49 38 0.02 1.81
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NV05-151 Calcite Hill 60.24 140.46 80.22 246 0.09 0.78
including 77.10 140.46 63.36 309 0.12 0.56
including 107.10 132.43 25.33 476 0.21 0.17
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NV05-152 Calcite Hill 68.10 119.40 51.30 89 0.13 0.31
including 76.04 81.96 5.92 249 0.57 0.82
and 117.22 119.40 2.18 1,218 0.54 0.02
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NV05-153 Connector Zone 0.00 88.80 88.80 107 0.10 0.11
including 0.00 7.36 7.36 226 0.22 0.18
and 37.48 88.80 51.32 124 0.10 0.12
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NV04-154 Connector Zone 3.05 31.80 28.75 148 0.13 0.15
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NV05-155 Connector Zone 0.00 9.10 9.10 105 0.09 0.03
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NV05-156 Connector Zone 8.73 75.99 67.26 63 0.03 0.14
including 8.73 13.80 5.07 53 0.02 0.88
and 29.10 75.99 46.89 83 0.04 0.11
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NV05-157 Navidad Hill 14.10 63.88 49.78 53 0.06 1.20
including 14.10 37.56 23.46 70 0.03 2.48
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NV05-158 Navidad Hill 35.10 68.10 33.00 90 0.09 0.51
including 47.10 65.10 18.00 147 0.15 0.75
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NV05-159 Navidad Hill 14.10 92.94 78.84 52 0.06 0.34
including 14.10 50.92 36.82 65 0.05 0.51
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NV05-160 Navidad Hill 29.15 33.26 4.11 623 0.33 1.12
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NV05-161 Navidad Hill 3.05 21.16 18.11 44 0.05 0.44
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Notes: 1. All length weighted averages (LWA) are uncut.
2. A complete table of hole locations, lengths, and orientations is
available at IMA's website www.imaexploration.com
IMA Exploration Inc.
March 22, 2005
Page 4
[GRAPHIC OMITTED][GRAPHIC OMITTED]
OMITTED GRAPHIC IS A MAP TITLED:
NAVIDAD, CONNECTOR, AND CALCITE HILLS - DRILL HOLE LOCATIONS - MARCH 22, 2005
Showing - Navidad Drill Hole Locations with symbols showing:
g/t Silver X Intercept Length
Results Pending
Limits of Current Indicated Resources Projected to Surface
A COPY OF THIS MAP MAY BE VIEWED AT: www:imaexplorationcom
OR
www:sedar.com