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 AUGUST, 2005.
Commission File Number: 001-32558
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: AUGUST 17, 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
August 17, 2005
3. PRESS RELEASE
The press release was released on August 17, 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
August 17, 2005.
IMA EXPLORATION INC.
(A Grosso Group Company)
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 American stock Exchange: IMR
Frankfurt & Berlin Exchanges: IMT (WKN 884971)
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NEWS RELEASE - AUGUST 17, 2005
IMA INTERSECTS MORE SILVER NW OF CALCITE HILL
AND PREPARES TO TEST THE ARGENTA TREND
IMA EXPLORATION INC. is pleased to announce results from ongoing drilling at its
100% owned Navidad Project in Patagonia, Argentina. Drilling is continuing on
the Calcite Hill NW Extension Zone and the Company is making preparations to
drill the high grade LOMA DE LA PLATA Zone which lies along the Argenta Trend to
the southwest of the Navidad Trend. Additional drill holes have also been
completed along the northeastern flank of the Calcite Hill Deposit and adjacent
to the southern flank of Navidad Hill Deposit; results from these holes are
expected shortly.
Results reported below include diamond drill holes 189 to 204. Significant
silver and lead values were obtained from the Calcite Hill NW Extension Zone
centred about 500m to the northwest of the Calcite Hill mineral resource
announced on June 16, 2005. Highlights include 29m of 154 g/t silver from hole
203 and 22.5m of 102 g/t silver and 2.79% lead from hole 201, both from the
Calcite NW Extension area.
Surface results from the Loma de la Plata zone include 40m of 740 g/t (21.6 oz
per ton) silver. This target has returned consistent high-grade silver values
from surface sampling and has never been drill tested (see press release dated
January 6, 2005). IMA is now making preparations to drill this high priority
target. To date on the project the Company has defined an Indicated Resource of
300.7 million ounces of silver and 1.2 million tonnes of lead (92.8 million
tonnes at 101 g/t silver and 1.36 % lead using a 50 g/t silver equivalent
cut-off).
Eleven new drill holes (189-192 and 198-204) were collared at the Calcite Hill
NW Extension Zone and cover an area spanning approximately 1200 metres of strike
length. Results from this drilling include intercepts from holes 199 (31.1m of
62 g/t silver and 1.29% lead), 201 (22.5m of 104 g/t silver and 2.79% lead), 202
(10m of 435 g/t silver), and 203 (29m of 154 g/t silver).
The mineralization at Calcite Hill Northwest is dominantly hosted in sedimentary
rocks that overly the volcanic rocks which host the majority of the
mineralization at Navidad Project. Within the overlying sediments strong clay
alteration is widespread and affects pelites, sandstones and conglomerates.
Mineralization can be lead-rich with silver (hole 201), or lead-poor but with
minor values in copper and higher silver grades (holes 202 and 203).
Fine-grained but visible, disseminated native silver was located within a
carbonaceous bed in hole 203. This is a new mode of occurrence of silver at
Navidad Project. At Calcite Hill Northwest mineralization appears to be
stratigraphically controlled and is disseminated in the host rock; veins or
feeder structures have not been recognized. Additional drilling is warranted to
explore for extensions to the higher-grade mineralization in holes 179
(previously published) and new holes 202 and 203 which are open along strike and
towards the southwest.
Hole 197 was collared on Galena Hill in order to collect material for ongoing
metallurgical testwork. The hole returned 74m of 239 g/t silver and 1.97% lead,
results that match or exceed those predicted by Snowden's block model that was
used to produce the Galena Hill resource estimation of 207 million ounces of
contained silver (63.6 M tonnes at 101 g/t silver and 1.76% lead, see news
release dated May 25, 2004). Approximately 113 kg of mineralized rock from this
hole were shipped to the laboratory where flotation testwork is currently
underway.
NEWS RELEASE AUGUST 17, 2005
IMA EXPLORATION INC. PAGE 2
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Drill holes 193 to 196 were reconnaissance or stratigraphic holes designed to
improve IMA's geological and structural understanding of the Navidad Project. Of
note amongst these holes is hole 196 which was collared approximately 2.7 km
south of Galena Hill between the Esperanza and Argenta Trends. This hole
intersected 66.55m of the favourable trachyandesite stratigraphy starting at
223m depth. The nearest outcrops of this stratigraphic unit are located over
900m to the south in the Argenta Trend. The upper 24 metres of the unit are
anomalous in silver and lead and a 3.6 m portion of it contained 1.23% lead with
15 g/t silver associated with visible galena mineralization (true thicknesses
are uncertain but the hole cut beds at a nearly perpendicular angle). This
appears to be the same contact which hosts the majority of the mineralization
elsewhere at the project and demonstrates the large aerial extent and continuity
of mineralization at or near this important contact at the Navidad Project and
highlights the potential for discoveries of mineralization that does not
outcrop.
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 and socially
responsible exploration and development of its 100% owned Navidad silver
discovery.
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 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 16
NEWS RELEASE AUGUST 17, 2005
IMA EXPLORATION INC. PAGE 3
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Table 1: diamond drill hole results
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COMPOSITE (LWA) (LWA) (LWA) (LWA)
DDH LOCATIO N FROM TO LENGTH SILVER COPPER LEAD ZINC
(Metres) (Metres) (Metres) (g/t) % % %
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NV05-189 Calcite NW 55.50 68.82 13.32 30 0.03 1.07 0.10
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NV05-190 Calcite NW 48.67 53.10 4.43 107 0.00 3.06 0.08
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NV05-191 Calcite NW 8.00 30.86 22.86 36 0.01 0.40 0.17
including 26.00 30.86 4.86 81 0.03 0.80 0.04
and 43.51 44.47 0.96 46 0.07 3.83 0.10
and 76.81 84.66 7.85 49 0.00 0.96 0.04
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NV05-192 Calcite NW 17.82 22.07 4.25 19 0.00 1.29 0.03
and 36.50 39.08 2.58 26 0.00 1.44 0.57
and 97.78 101.74 3.96 26 0.00 2.06 0.58
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NV05-193 recce no significant assays
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NV05-194 recce no significant assays
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NV05-195 recce no significant assays
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NV05-196 recce 223.40 227.00 3.60 15 0.00 1.23 0.05
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NV05-197 Galena Hill 94.94 168.98 74.04 239 0.08 1.97 0.16
including 94.94 117.36 22.42 294 0.03 4.80 0.20
and 143.23 168.98 25.75 348 0.15 0.31 0.20
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NV05-198 Calcite N W 0.00 7.40 7.40* 1,019* 0.01 0.97 1.20
and 7.40 32.30 24.90 13 0.00 0.87 0.09
and 106.75 108.83 2.08 52 0.00 2.04 0.18
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NV05-199 Calcite NW 0.00 53.10 53.10 52 0.00 1.09 0.12
including 0.00 31.11 31.11 66 0.00 1.44 0.19
including 21.41 31.11 9.70 141 0.00 3.11 0.03
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NV05-200 Calcite NW 86.35 91.20 4.85 41 0.00 1.64 0.31
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NV05-201 Calcite NW 118.26 140.76 22.50 102 0.03 2.79 0.09
including 129.02 140.76 11.74 166 0.05 3.86 0.04
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NV05-202 Calcite NW 61.15 71.10 9.95 449 0.08 0.24 0.01
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NV05-203 Calcite NW 47.00 75.96 28.96 154 0.06 0.30 0.01
including 59.00 71.00 12.00 335 0.14 0.01 0.01
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NV05-204 Calcite NW 71.00 119.12 48.12 60 0.02 0.14 0.00
including 71.00 77.00 6.00 113 0.03 0.18 0.00
and 113.00 119.12 6.12 307 0.04 0.57 0.04
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*Note: The first 7.4m of hole NV05-198 had just 7% core recovery and were lumped
into a single sample which assayed 1019 g/t silver. The significance of this
high assay is uncertain due to the poor recovery and hence the sample has not
been combined with adjacent mineralization which had normal core recovery but
much lower grades.
NEWS RELEASE AUGUST 17, 2005
IMA EXPLORATION INC. PAGE 4
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[GRAPHIC OMITTED][GRAPHIC OMITTED]
Omitted Graphic is map entitled: CALCITE HILL NORTHWEST EXTENSION
AUGUST 16, 2005
Showing Namidad Drill Locations and Results at Calcite Hill Inidcated Resource
and Navidad Hill Indicated Resoruce
Map may be viewed at the Company website: www.imaexploration.com