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 JUNE , 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 June 25, 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.
BC FORM 53-901F
(FORM 27)
Securities Act
MATERIAL CHANGE REPORT
Section 85(1) of the Securities Act, British Columbia
(the "British Columbia Act")
Section 118(1) of the Securities Act, Alberta (the "Alberta Act")
Section 75(2) of the Securities Act, Ontario (the "Ontario Act")
1. REPORTING ISSUER
The full name of the Issuer is IMA Exploration Inc. (the "Issuer"). The
address and telephone number of the principal office in Canada of the
Issuer is as follows:
#709 - 837 West Hastings Street
Vancouver, BC
V6C 3N6
Phone: (604) 687-1828
2. DATE OF MATERIAL CHANGE
June 25, 2003
3. PRESS RELEASE
A press release dated June 25, 2003, a copy of which is attached, was
released through various approved public media and filed with the TSX
Venture Exchange and the British Columbia, Alberta and Ontario Securities
Commissions.
4. SUMMARY OF MATERIAL CHANGE(S)
Please see attached press release for details.
5. FULL DESCRIPTION OF MATERIAL CHANGE
Please see attached press release for full details.
6. RELIANCE ON SECTION 85(2) OF THE BRITISH COLUMBIA ACT, SECTION 118(2) OF
THE ALBERTA ACT AND SECTION 75(3) OF THE ONTARIO ACT
Not Applicable
- 2 -
7. OMITTED INFORMATION
Not Applicable
8. SENIOR OFFICER
The following senior officer of the Issuer is knowledgeable about the
material change and may be contacted by the Commission at the following
telephone number:
William Lee
Chief Financial Officer
Phone: (604) 687-1828
9. STATEMENT OF SENIOR OFFICER
The foregoing accurately discloses the material change referred to
herein.
DATED at Vancouver, British Columbia, this 25th day of June, 2003.
/s/ William Lee
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William Lee, Chief Financial Officer
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 JUNE 25, 2003
LARGE GEOPHYSICAL ANOMALY IDENTIFIED ON IMA'S NAVIDAD
BONANZA-GRADE SILVER DISCOVERY
IMA Exploration Inc. is pleased to announce the results from recently completed
Induced Polarization (I.P.) geophysical surveys. The surveys have identified a
chargeability anomaly with a surface footprint of 1.6 km x 1.3 km that starts
near surface in areas of exposed mineralization and in some cases extends to
depths of approximately 300 metres. IMA's geological team believes that this
anomaly significantly increases the potential size and importance of the Navidad
discovery.
Survey results show an excellent correlation between chargeability and mapped
exposures of more intense examples of replacement-style mineralization.
Anomalous chargeability was expected from replacement-style mineralization based
on laboratory testing of mineralized and unmineralized specimens. The large
chargeability anomaly extends over 1 km to the southwest of known mineralization
in an area completely obscured by soil cover (see attached map)[MAP OMITTED FOR
THE PURPOSE OF THIS FILING]. Chargeability anomalies are generally caused by
minerals such as: base-metal sulphides, pyrite, graphite, hematite and
magnetite. Pyrite, graphite, hematite, and magnetite have not been observed on
surface at Navidad in quantities that could explain the anomaly.
IMA geologists believe that there is a high probability this anomaly represents
base-metal sulfide minerals with associated silver-lead+/-copper similar to that
which has been mapped on the property to date. Replacement mineralization mapped
at Navidad includes galena-matrix breccia (158 g/t silver and 8.9% lead;
previously reported) and mineralized carapace breccia (111.3 ounces per ton
silver [3,785 g/t], 3.7% copper, 2.1% lead; previously reported).
Gradient I.P. totaling 80.3 line kilometres was performed over an area of 2.5 by
6.2 kilometers with 200 metre spaced lines, including the entire Navidad system
and adjacent covered areas. Follow-up time domain Pole-Dipole I.P. (using dipole
lengths of 20 and 100 metres) was performed over 8.5 line kilometres in the area
of the Gradient-defined chargeability anomaly. The more precise Pole-Dipole
survey confirms the large Gradient I.P. anomaly and provides three-dimensional
information on the size and shape of the chargeable body. The I.P. surveys were
performed by Quantec Geoscience Ltd.
Ongoing work at Navidad includes a gravity survey over the area of the 1.6 x 1.3
kilometre chargeability anomaly and a magnetic survey over the entire grid used
for the I.P. survey. Detailed sampling of mineralization at Galena and Barite
Hills is now complete and will be released shortly. Once all results have been
received and interpreted, IMA's technical team will plan a substantial drill
program.
At 1:30PM Pacific Time on June 26, 2003, .there will be a comprehensive overview
of the impressive Navidad silver discovery to outline results to date and future
exploration programs. The presentation will be held at the Four Seasons Hotel,
Park Ballroom A, 2nd Floor, 791 West Georgia Street, Vancouver, BC.
IMA Exploration Inc. June 25, 2003
News Release Page 2
IMA Exploration Inc. has a strong 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. The Company is a well-positioned junior mining Company that is focused
on growth through exploration. For more information please visit IMA's web site
at http://www.imaexploration.com/.
ON BEHALF OF THE BOARD
"Joseph Grosso"
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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.