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 APRIL, 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: APRIL 19, 2005 /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 APRIL 19, 2005
DRILLING CONTINUES TO EXPAND CALCITE HILL MINERALIZATION
AT IMA'S NAVIDAD SILVER DISCOVERY
IMA EXPLORATION INC (IMR-TSX.V, IMXPF-OTC.BB) is pleased to report results from
diamond drill holes 162 to 174 at the Calcite Hill zone on it's 100% owned
Navidad silver project in Patagonia, Argentina. Highlights of the current
results include 29.6M OF 236 G/T SILVER AND 5.38% LEAD IN HOLE 167, AND 51.0M OF
168 G/T SILVER IN HOLE 168. Mineralization at Calcite Hill has now been defined
over a strike length of 500m and varies in horizontal width from approximately
50 to 150 metres and vertical thickness from 10 to 110 metres (see attached
map). To date, IMA has 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) at Navidad Hill, Galena
Hill and the Connector Zone.
A new resource estimate at Calcite Hill is planned to begin shortly and will be
conducted by Snowden Mining Industry Consultants based on the 36 drill holes
completed at Calcite Hill during Phase III (as of April 18, 2005). To date, IMA
has completed 27,981m of core drilling in 174 holes taking the Navidad Project
from an undrilled prospect to one of the world's largest silver resources in
just 17 months. The Calcite Hill mineralization is expected to add significantly
to the existing resource base.
In addition, the company reports that Connors Argentina S.A. is now on site at
Navidad to begin the additional 10,000m that were added to the Phase III drill
program. The primary focus of this program will be to continue to expand the
high-grade silver-lead mineralization at Calcite Hill.
The Calcite Hill zone is open along strike to the northwest where a
silver-in-soil anomaly extends for a further 1.4 km beyond the present limit of
drilling, and also to the northeast in the area nearest Navidad Hill. Complete
results from drill holes 162 to 174 are shown in Table 1, significant intercepts
to date from Calcite Hill include the following:
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DRILL HOLE INTERCEPT (M) SILVER (G/T) LEAD (%)
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NV04-88* 72.3 202 3.45
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NV04-124* 122.6 195 0.74
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NV04-126* 196.1 113 0.44
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NV05-138* 123.3 139 1.07
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NV05-143* 46.6 330 0.39
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NV05-148* 83.0 209 1.23
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NV05-149* 124.2 135 0.29
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NV05-151* 80.2 246 0.78
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NV05-162 32.3 176 0.13
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NV05-165 50.6 102 0.92
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NV05-167 29.6 236 5.38
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NV05-168 51.0 168 0.04
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NV05-170 50.9 124 1.93
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NV05-171 43.9 171 2.82
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* denotes previously released results
NEWS RELEASE APRIL 19, 2005
IMA EXPLORATION INC. PAGE 2
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Silver mineralization at Calcite Hill is predominantly hosted within the same
trachyandesite volcanic rock and overlying mudstone which hosts mineralization
at Galena Hill. Mineralization consists of two distinct styles, one consisting
of calcite-barite veinlets and breccias with argentite-acanthite, native silver
and lesser galena and chalcopyrite, the other consisting of veins and breccias
containing medium-grained galena and rare native silver.
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. is a member of The Grosso Group of companies. The Grosso
Group is a management team that puts their combined experience, financial
network and dedication behind every company that makes up the group. It is the
human and financial resources that the Group provides that are the cornerstones
to building successful companies and outperforming their peers in the market
place.
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 9
NEWS RELEASE APRIL 19, 2005
IMA EXPLORATION INC. PAGE 3
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Table 1: Phase III drill results, drillholes NV05-162 to 174
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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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NV05-162 Calcite Hill 86.53 118.80 32.27 176 0.15 0.13
including 112.67 118.80 6.13 721 0.35 0.12
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NV05-163 Calcite Hill 64.80 80.33 15.53 149 0.08 1.17
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NV05-164 Calcite Hill 75.10 95.76 20.66 24 0.14 0.03
and 139.97 143.75 3.78 76 0.25 0.13
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NV05-165 Calcite Hill 45.49 96.05 50.56 102 0.21 0.92
including 58.77 72.32 13.55 240 0.21 0.71
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NV05-166 Calcite Hill 46.60 108.22 61.62 44 0.11 0.18
including 46.60 59.10 12.50 92 0.14 0.61
and 89.10 108.22 19.12 55 0.13 0.14
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NV05-167 Calcite Hill 83.94 113.55 29.61 236 0.06 5.38
including 83.94 88.80 4.86 1,251 0.36 9.19
and 99.66 113.55 13.89 60 0.01 7.87
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NV05-168 Calcite Hill 86.10 87.70 1.60 53 0.11 3.60
and 113.10 164.10 51.00 168 0.26 0.04
including 128.95 142.32 13.37 333 0.58 0.01
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NV05-169 Calcite Hill 80.45 107.40 26.95 48 0.01 0.89
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NV05-170 Calcite Hill 83.52 134.40 50.88 124 0.18 1.93
including 83.52 110.21 26.69 183 0.19 3.66
and 117.76 134.40 16.64 83 0.24 0.02
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NV05-171 Calcite Hill 89.65 133.52 43.87 171 0.16 2.82
including 95.50 113.85 18.35 220 0.21 5.11
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NV05-172 Calcite Hill 89.10 101.29 12.19 67 0.05 1.07
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NV05-173 Calcite Hill 69.31 80.80 11.49 127 0.05 0.96
and 204.50 220.33 15.83 50 0.06 0.00
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NV05-174 Calcite Hill 84.53 129.50 44.97 35 0.03 1.41
including 111.50 129.50 18.00 57 0.07 0.70
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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
NEWS RELEASE APRIL 19, 2005
IMA EXPLORATION INC. PAGE 4
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[OBJECT OMITTED]
MAP OF CALCITE HILL DRILL HOLE LOCATIONS AND RESULTS - APRIL 19, 2005
TO VIEW PLEASE GO TO: www.imaexploration.com
or
www.sedar.com