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 , 2003.
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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
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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): _______
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
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): _______
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant 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
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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.
(Registrant)
Date September 03, 2003 By /s/ William Lee
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(Signature)
William Lee, Director and Chief Financial Officer
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1 Print the name and title of the signing officer under his signature.
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 SEPTEMBER 03, 2003
NAVIDAD SILVER-COPPER-LEAD DISCOVERY - PROJECT OVERVIEW
IMA Exploration Inc. (IMR:TSX-V) is pleased to provide an overview of the
results to date on the Company's 100% owned Navidad Silver-Copper-Lead
discovery, located in Patagonia, Argentina. Three distinct yet related styles of
mineralization have been defined at the Navidad project, all located within a
5.8 kilometre (km) long soil geochemical anomaly. Individually, each style of
mineralization could develop into a significant resource. Combined, the three
styles of mineralization highlight the overall size and grade potential of the
entire Navidad system.
Below is an overview of the results that have been received to date (please see
attached map for reference).
NAVIDAD HILL - BONANZA GRADE STRUCTURES
Assay results from 119 measured chip samples of these structures have returned a
length-weighted average grade of 162 oz/t silver (5,546 g/t), 3.8% copper and
9.8% lead over a cumulative strike length of 636 metres. Detailed mapping and
sampling of bonanza grade structures at Navidad hill has defined numerous
structures within an area of 475 metres (m) by 60 to 140 m, and average widths
of these structures varies from less than one metre to 3.3 metres.
NAVIDAD HILL - HIGH GRADE CARAPACE BRECCIAS
Adjacent to the bonanza grade structures, mineralized carapace breccias have
been identified in three areas measuring 150m x 50m, 25m x 20m and 20m x 18m. A
length-weighted average grade of 110.5 oz/t silver (3,785 g/t), 3.7% copper and
2% lead has been returned from 50 samples. Similar carapace breccias to those at
Navidad Hill are also found 600m to the southeast at Galena Hill (see below) but
are separated by overburden cover. Metal zoning suggests this covered area
between Navidad and Galena Hills is the center of the mineralized system and it
is noteworthy that this area is identified by a large IP chargeability anomaly
and several coincident gravity anomalies.
GALENA HILL - HIGH GRADE CARAPACE BRECCIAS
Strongly mineralized carapace breccias at Galena Hill and been found in two
areas measuring 118m x 46m and 55m x 16m, with assay results averaging 64.9 oz/t
silver (2,222 g/t), 0.84% copper, and 2.9% lead from 23 samples.
GALENA HILL - GALENA MATRIX BRECCIAS
Galena matrix breccia has been identified at Galena Hill in an area measuring
475m x 90m, and 101 measured chip samples taken from this zone average 4.3 oz/t
silver (147 g/t) and 7.69% lead. The true thickness of the mineralization is
unknown. However, pole-dipole IP (profile 51200E, June 25th, 2003 news release)
shows a modest chargeability anomaly that coincides with mineralized outcrops at
surface and strengthens at depth. This excellent fit of the geological and
geophysical data highlights the potential for a large bulk-tonnage
silver-lead+/-copper deposit.
BARITE HILL - GALENA MATRIX BRECCIAS
Galena matrix breccia has also been discovered at Barite Hill in several zones
that have an interpreted cumulative strike length of approximately 1,300m and
has returned an average grade of 3.2 oz/t silver (109 g/t) and 4.73% lead from
all 67 measured chip samples collected. The interpreted strike length is based
on geological mapping and locations of subcrop and float samples, but only
representative measured chip samples taken from outcrop have been used to define
the length-weighted averages reported here.
CALCITE HILL -STRONG SOIL ANOMALY
A significant silver and lead in soils anomaly is present at Calcite Hill that
has not yet been fully explained by mineralized outcrops. This
silver-lead+/-copper anomaly is approximately 400m by 200m in size as defined by
greater than 2.1 g/t silver in soil samples and demonstrates significant
potential for additional discoveries at the Navidad project.
SUMMARY
Outcropping mineralization at Navidad is accompanied by a strong soil
geochemical anomaly over a 5.8km length. Within this anomaly, outcropping
silver-lead+/-copper mineralization has been defined within a total strike
length of over 2,900m at Navidad, Galena, and Barite Hills. Geological and soil
geochemical data suggest that the core to the mineralized system is coincident
to a very large (1.6 x 1.3 km) IP chargeability anomaly along with several large
(0.8 x 1.1km) gravity anomalies.
The Navidad discovery was made as a result of IMA's ongoing generative programs
in the Patagonia region of Argentina. IMA geologists Daniel Bussandri and Dr.
Paul Lhotka, P.Geo. were the first to recognize the potential at Navidad and
have played key roles in defining a style of mineralized system that was
previously unrecognized in Patagonia. IMA acquired the project by staking and
holds a 100% interest with no underlying royalties.
Exploration work on the property is under the direction of IMA's Exploration
Manager, Keith Patterson, M.Sc. All samples have been collected under the
supervision of Dr. Paul Lhotka, P.Geo. and have been analyzed by ALS Chemex
using fire assay/gravimetric, AA (atomic absorption) and ICP-MS (inductively
coupled plasma - mass spectroscopy) techniques as appropriate. 120 randomly
selected samples (approximately 14% of all samples) have been submitted for
check assay to Alex Stewart (Assayers) Argentina S.A.; results of these
generally agree well with the original results from ALS Chemex.
IMA Exploration Inc. has over $4,000,000 in its treasury to fund its exploration
objectives. The Company focuses on quality exploration work designed to define
economic gold and silver deposits in Argentina and Peru. IMA has put together an
enviable property portfolio including over 37 well-located, high-potential
projects and is continuing to add to this package through grass-roots
exploration and staking.
ON BEHALF OF THE BOARD
/s/ Joseph Grosso
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Mr. Joseph Grosso, President & CEO
[GRAPHIC OMITTED]
TO VIEW MAP OF THE NAVIDAD PROPERTY PLEASE VISIT THE COMPANY'S WEB SITE:
http://www.imaexploration.com.
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.
2003 Number 25