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 OCTOBER, 2004.
Commission File Number: 0-30464
IMA EXPLORATION INC.
--------------------------------------------------------------------------------
(Translation of registrant's name into English)
#709 - 837 West Hastings Street, Vancouver, British Columbia, V6C 3N6, Canada
--------------------------------------------------------------------------------
(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.
-------------------------------------
Date: OCTOBER 13, 2004 /s/ Joseph Grosso
------------------------------ -------------------------------------
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
October 13, 2004
3. PRESS RELEASE
The press release was released on October 13, 2004 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
Ocotber 13, 2004.
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)
--------------------------------------------------------------------------------
NEWS RELEASE OCTOBER 13, 2004
IMA INTERSECTS 28 METRES OF 1,115 G/T (32.6 OZ/T) SILVER
AT NAVIDAD HILL
IMA EXPLORATION INC. (IMR - TSX.V, IMXPF - OTC.BB) is pleased to announce the
final results of the Phase II drill program at its 100% owned Navidad Project in
Patagonia, Argentina. Highlights of these results include 28.15M OF 1,115 G/T
SILVER (32.6 OZ/T) INCLUDING 5.97M OF 4,579 G/T (133.7 OZ/T) IN HOLE 117 AND
58.68M OF 208 G/T SILVER (6.1 OZ/T) IN HOLE 112. In addition to expanding the
limits of known alteration and mineralization through ongoing surface work, the
Company has contracted Snowden Mining Industry Consultants to perform an
independent resource estimation at the Navidad Hill and Connector zones. Results
from this new resource estimation will be from zones outside of, and in addition
to the previously reported Galena Hill Indicated Resource of 63.6 million tonnes
grading 101 g/t silver, 1.76% lead, 0.03% copper and 0.24% zinc at a cut-off
grade of 50 g/t silver equivalent (see release dated May 25, 2004).
The twelve reported drill holes were all drilled at the Navidad Hill zone (see
attached map). Targets included structurally controlled, near vertical
mineralized bodies (e.g. HOLE NV04-110: 61.50M OF 128 G/T SILVER INCLUDING 5.34M
OF 1,006 G/T SILVER) on the top of Navidad Hill and gently-dipping,
stratigraphically-controlled mineralization in the area of hole 90 (e.g. HOLE
NV04-117: 28.15M OF 1,115 G/T SILVER). Drill holes 116 and 117 confirm and
extend the stratigraphically controlled, bonanza-grade mineralization on the
southwest flank of Navidad Hill first discovered with hole 90 (35.8M OF 2,850
G/T SILVER).
All data resulting from the Phase II program are now being verified and
interpreted prior to being handed over to Snowden. This will include a careful
review of all QA/QC analytical data. Phase II drilling comprised 9,596 metres of
diamond core drilling in 67 holes and 5,210 core sample analyses, including
quality control samples, bringing the life of the project totals to 18,456m in
120 holes and 10,548 core sample analyses in less than one year since the first
hole was drilled.
Dr. Paul Lhotka is IMA's Qualified Person at the Navidad Project, and has
overseen all aspects of the current program. An updated summary of Phase II
results is available at IMA's website (www.imaexploration.com) as are updated
maps showing the locations of all drilling completed to date on the project.
IMA Exploration Inc. has over 10 years experience in Argentina and is focused on
the exploration and development of its 100% owned Navidad silver discovery and
its property portfolio in the region.
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, Investor Relations Manager, at 1-800-901-0058 or 604-687-1828, or fax
604-687-1858, or by email, 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.
2004 NUMBER 29
NEWS RELEASE OCTOBER 13, 2004
IMA EXPLORATION INC. PAGE 2
--------------------------------------------------------------------------------
Drill Results from holes NV04-109 to 120:
DRILL HOLE FROM TO INTERCEPT G/T SILVER % COPPER % LEAD
(METRES) (METRES) (METRES) (LWA) (LWA) (LWA)
===========================================================================================================
NV04-109 3.00 105.06 102.06 73 0.13 0.15
-----------------------------------------------------------------------------------------------------------
including 3.00 50.07 47.07 88 0.13 0.12
-----------------------------------------------------------------------------------------------------------
including 20.66 50.07 29.41 111 0.14 0.11
===========================================================================================================
NV04-110 3.00 64.50 61.50 128 0.17 0.27
-----------------------------------------------------------------------------------------------------------
including 3.00 21.46 18.46 312 0.43 0.77
-----------------------------------------------------------------------------------------------------------
including 16.12 21.46 5.34 1,006 1.39 2.59
===========================================================================================================
NV04-111 3.00 35.00 32.00 28 0.05 0.06
===========================================================================================================
NV04-112 6.00 64.68 58.68 208 0.22 0.35
-----------------------------------------------------------------------------------------------------------
including 6.00 16.26 10.26 375 0.71 0.67
-----------------------------------------------------------------------------------------------------------
and 28.87 43.65 14.78 324 0.26 0.83
===========================================================================================================
NV04-113 4.50 28.75 24.25 60 0.46 0.03
-----------------------------------------------------------------------------------------------------------
including 4.50 10.50 6.00 109 0.87 0.03
===========================================================================================================
NV04-114 5.56 39.28 33.72 57 0.09 0.39
-----------------------------------------------------------------------------------------------------------
including 6.50 12.75 6.25 83 0.16 0.51
===========================================================================================================
NV04-115 8.00 18.05 10.05 151 0.04 0.35
===========================================================================================================
NV04-116 15.00 45.40 30.40 243 0.32 2.04
-----------------------------------------------------------------------------------------------------------
including 15.00 36.42 21.42 322 0.39 2.85
===========================================================================================================
NV04-117 25.50 53.65 28.15 1,115 0.45 0.98
-----------------------------------------------------------------------------------------------------------
including 42.04 48.01 5.97 4,579 1.82 2.47
===========================================================================================================
NV04-118 44.00 51.62 7.62 155 0.09 0.79
===========================================================================================================
NV04-119 44.10 55.30 11.20 92 0.03 1.00
===========================================================================================================
NV04-120 7.12 65.65 58.53 47 0.07 0.22
-----------------------------------------------------------------------------------------------------------
including 26.00 31.24 5.24 85 0.04 0.43
-----------------------------------------------------------------------------------------------------------
including 62.80 65.65 2.85 243 0.23 0.30
-----------------------------------------------------------------------------------------------------------
Notes:
1. All length weighted averages (LWA) are "uncut".
2. True thicknesses have yet to be interpreted for these holes. True thickness
in the case of sub-vertical structures and -45(Degree) drill holes are
likely to be approximately 70% of the intercept length; true thickness in
the case of shallowly dipping stratigraphically-controlled mineralization
is likely to be between 70 and 100% of the intercept length.
NEWS RELEASE OCTOBER 13, 2004
IMA EXPLORATION INC. PAGE 3
--------------------------------------------------------------------------------
Navidad Phase I & II Drill Hole Locations Map
[GRAPHIC OMITTED]
OMITTED MAP MAY BE VIEWED AT THE COMPANY'S WEBSITE:
www.imaexploration.com