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 NOVEMBER, 2004.
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: NOVEMBER 02, 2004 /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
November 02, 2004
3. PRESS RELEASE
The press release was released on November 02, 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
November 02, 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)
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NEWS RELEASE November 02, 2004
IMA DISCOVERS NEW ZONE AT NAVIDAD WITH
SILVER VALUES UP TO 6.5 KG/T (6,510 G/T)
IMA EXPLORATION INC. (IMR-TSX.V, IMXPF - OTC.BB) is pleased to announce the
discovery of a new zone of silver mineralization at its 100% owned Navidad
Project in central Patagonia, Argentina. The new zone, named "Loma de la Plata",
is located approximately 4 kilometres west of the Galena Hill deposit and
significantly expands the boundaries of known silver mineralization at the
Navidad Project. The Loma de la Plata zone is defined by high silver values in
rock samples and a silver in soil anomaly that is similar in magnitude to those
that cover both the Galena Hill Deposit and Navidad Hill Zone (see attached
map).
The Loma de la Plata zone was found as a result of the ongoing program of
expanded grid soil sampling which has outlined a 350 x 400 metre zone of greater
than 10 g/t silver within a 500 x 1,100 metre zone of predominantly greater than
2 ppm silver in soil samples. Values from 5.8 to 6,510 g/t silver have been
obtained from 12 rock chip and float samples with 5 of the 12 samples returning
greater than 1,000 g/t silver (see table below).
Table 1: Preliminary Rock samples from the Loma de la Plata Zone
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SAMPLE SAMPLE TYPE SILVER (G/T) % COPPER % LEAD
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M66526 float 2,800 0.68 0.01
M66527 grab 6,510 0.88 0.22
M66551 grab 20 0.02 0.54
M66552 grab 8 0.01 1.33
M66553 0.4m chip 162 0.01 2.22
M66554 0.6m chip 21 0.01 1.62
M66556 0.5m chip 337 0.02 2.24
M66557 0.4m chip 816 0.07 4.09
M66558 Float 4,790 0.36 0.06
M66559 0.3m chip 1,130 0.13 0.01
M66649 float 2,790 0.25 0.92
M66650 1m chip 77 0.01 2.87
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Native silver has not previously been recognized by IMA geologists anywhere on
surface at the Navidad Property - until follow-up of the Loma de la Plata soil
anomaly. Preliminary geological assessment indicates that silver mineralization
is hosted by a similar sequence of volcanic and sedimentary rocks, and in a
similar stratigraphic position, to those that host the Galena Hill deposit.
Mineralization consists of breccias and zones of calcite-barite veinlets with
minor amounts of lead and copper sulphides and occasional native silver within
andesitic volcanic rocks. Crews are currently on site mapping and sampling this
new zone in greater detail.
Within the zone of highly anomalous silver in soil values at Loma de la Plata,
19 soil samples returned values of greater than 10 ppm silver and three samples
returned greater than 100 ppm silver (up to 193 g/t). For comparative purposes,
the silver in soil anomaly over the Navidad Hill zone is defined by a 400 x 130
metre area of greater than 10 ppm silver and includes one sample with greater
than 100 ppm silver (298ppm).
NEWS RELEASE NOVEMBER 2, 2004
IMA EXPLORATION INC. PAGE 2
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In addition to work on the Loma de la Plata zone, IMA's geological team is
currently undertaking a significantly expanded grid soil sampling program and
conducting detailed mapping and sampling on several of the newer zones at the
Navidad project. Concurrently, Snowden Mining Industry Consultants is preparing
a resource estimate for the Navidad Hill and Connector zones that will likely be
complete in early December.
Dr. Paul Lhotka, P.Geo. has overseen all aspects of this work and is IMA's
"Qualified Person" for the Navidad Project under National Instrument 43-101.
Soil samples collected from the Navidad Project are subject to a rigorous
quality assurance and quality-control (QA/QC) program that is designed to meet
or exceed industry standards.
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 30
NEWS RELEASE NOVEMBER 2, 2004
IMA EXPLORATION INC. PAGE 3
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MAP OF NAVIDAD PROJECT - SILVER IN SOIL SAMPLES
November 1, 2004
[GRAPHIC OMITTED]
Please refer to Company website to view omitted graphic:
www.imaexploration.com