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, 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: OCTOBER 13, 2005 /s/ Joseph Grosso
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Joseph Grosso,
President & CEO
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 OTC Bulletin Board: IMXPF
American Stock Exchange: IMR
Frankfurt & Berlin Exchanges: IMT (WKN 884971)
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NEWS RELEASE - OCTOBER 13, 2005
IMA INTERSECTS 31.5M OF 684 G/T SILVER AT LOMA DE LA PLATA
IMA EXPLORATION INC. (IMR-AMEX , IMR-TSX.V) is pleased to announce the final
results from Phase III drilling at it's 100% owned Navidad Project in Patagonia,
Argentina. Eleven new drill holes have been completed and include the first five
holes ever drilled at Loma de la Plata. Loma de la Plata is one of several zones
within the larger Argenta Trend, located 3 km southwest of the known Navidad
deposits. Significant results from the Loma de la Plata drilling include 31.5m
of 684 g/t silver in hole 241 and 28.4m of 236 g/t silver in hole 242.
Drilling to date has tested a very small portion of the known mineralization at
Loma de la Plata (see attached map). Trenches 7 and 10 are located up to 275
metres from the current drilling and returned values of 48.5m of 315 g/t silver
and 56.0m of 452 g/t silver, respectively. While it is too early to speculate on
the ultimate size potential of the Loma de la Plata zone, it is clear that this
initial drilling has confirmed the surface discovery and highlights the
potential for additional discoveries at the Navidad project.
Of the five drill holes completed at Loma de la Plata, two (241 and 242) were
drilled at angles of -45(Degree) and were collared near trenches where
high-grade silver had been defined on surface. Hole 241 was drilled under
trenches 1 and 3 that returned 40.1m of 740 g/t silver and 42.9m of 684 g/t
silver, respectively (see attached map). Hole 242 was drilled under trench 2
which returned 103.3m of 290 g/t silver. The strong correlation between surface
results from trenching and sub-surface results from drilling suggests that
little or no surface enrichment of silver has occurred at Loma de la Plata. The
remaining three holes were collared 40 to 90 metres further to the east and
drilled at -60(Degree) angles. These holes (243-245) appear to have missed the
better-mineralized north-south trending zone as defined by trenches 1-3, 8, and
9 and drill holes 241 and 242.
Drilling at Loma de la Plata has confirmed the basic geological model of a
favourable, mineralized, upper-volcanic sequence comprised of quartz-eye bearing
trachyandesites. The units dip approximately 25 to 30 degrees towards the
northeast and the favourable unit is approximately 30 to 35m thick in the area
drilled to date.
Mineralization noted in the Loma de la Plata holes is associated with minor
veinlets and narrow intervals of brecciation both of which contain carbonate
gangue minerals with lesser amounts of quartz and barite. Sulphide content is
generally very low, never exceeding two percent. Minor amounts of galena, copper
oxides, probable silver-copper sulphosalts, and traces of native silver were
noted during the logging. The form and shape of zones of veinlets and
brecciation is not yet well defined, but is hosted exclusively within the
trachyandesite upper volcanic rocks. Further drilling will be required to
confirm the orientation and ultimate size potential of this zone.
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/.
NEWS RELEASE OCTOBER 13, 2005
IMA EXPLORATION INC. PAGE 2
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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, 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 21
TABLE 1: PHASE III DRILL RESULTS
COMPOSITE
DRILL HOLE LOCATION FROM TO LENGTH G/T SILVER % LEAD
(METRES) (METRES) (METRES) (LWA) (LWA)
=========================================================================================================
NV05-241 Loma de la Plata surface 31.50 31.50 684 0.76
=========================================================================================================
NV05-242 Loma de la Plata surface 28.40 28.40 236 0.10
including surface 19.50 19.50 322 0.11
=========================================================================================================
NV05-243 Loma de la Plata 3.00 32.51 29.51 59 0.05
including 3.00 11.27 8.27 140 0.00
=========================================================================================================
NV05-244 Loma de la Plata 3.00 10.56 7.56 90 0.24
including 3.00 7.07 4.07 140 0.16
=========================================================================================================
NV05-245 Loma de la Plata 3.00 8.00 5.00 172 0.00
=========================================================================================================
NV05-246 Calcite Hill 184.81 193.74 8.93 52 0.01
=========================================================================================================
NV05-247 Calcite Hill 101.14 105.32 4.18 65 0.06
=========================================================================================================
NV05-248 Navidad Hill 24.00 41.14 17.14 136 0.86
including 28.24 34.99 6.75 243 0.89
=========================================================================================================
NV05-249 Navidad Hill 3.00 8.73 5.73 62 0.00
=========================================================================================================
NV05-250 Navidad Hill 3.00 9.29 6.29 113 0.11
and 28.26 35.87 7.61 59 0.05
=========================================================================================================
NV05-251 Navidad Hill 34.17 41.19 7.02 54 0.01
=========================================================================================================
NOTES:
1. All length weighted averages (LWA) results are "uncut".
2. A table with full results to date and drill hole locations, orientations,
and lengths is available at IMA's website: www.imaexploration.com
NEWS RELEASE OCTOBER 13, 2005
IMA EXPLORATION INC. PAGE 3
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[GRAPHIC OMITTED][GRAPHIC OMITTED]
Omitted Graphic is: Map of Loma de la Plata Drillholes and Surface Sampling
showing Channel Sample Results and locations alson with
a Cross Section of Section 5303010N
TO VIEW OMITTED GRAPHIC PLEASE VISIT THE COMPANY'S WEBSITE:
www.imaexploration.com