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 JANUARY, 2005.
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: JANUARY 06, 2005 /s/ Joseph Grosso
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Joseph Grosso,
President & CEO
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 JANUARY 06, 2005
MORE HIGH GRADE SILVER AT LOMA DE LA PLATA AND SECTOR ZETA
ON IMA'S NAVIDAD SILVER-LEAD PROJECT
IMA EXPLORATION INC. (IMR - TSX.V, IMXPF - OTC.BB) is pleased to announce the
complete results of surface rock sampling at the Loma de la Plata and Sector
Zeta targets on it's 100% owned Navidad project in Patagonia, Argentina. Loma de
la Plata and Sector Zeta are located approximately 4 km to 5 km to the west of
Galena Hill Deposit. Both zones show excellent potential to add to the 268
million ounce indicated silver resource (80.8 Mt @ 103 g/t silver) that has been
defined to date at Galena, Connector, and Navidad Hills (see attached map).
At Loma de la Plata, an area of approximately 400 x 400 metres, has been
systematically sampled with twelve lines of continuous and semi-continuous
channel samples, these sample lines range in length from 12.5 to 135.9 metres
(see attached table). New results from the Loma de la Plata results include the
following:
Line LP-2: 103.3 metres of 290 g/t silver
Line LP-9: 49.5 metres of 410 g/t silver
Line LP-10: 56.0 metres of 452 g/t silver
Previously announced results (see December 9, 2004 news release) include the
following:
Line LP-1: 40.1 metres of 740 g/t silver
Line LP-3: 42.9 metres of 684 g/t silver
Line LP-4: 135.9 metres of 159 g/t silver
Line LP-7: 48.5 metres of 315 g/t silver
At Sector Zeta, seven sample lines ranging in length from 6.7 to 60.0 metres
have been completed covering an area of approximately 80 by 100 metres (see
attached figure). Highlights of the Sector Zeta results include:
Line Z-5: 8.0 metres of 105 g/t Silver and 1.14% Copper
Line Z-6: 12.0 metres of 112 g/t Silver and 1.13% Copper
Line Z-7: 12.0 metres of 133 g/t Silver and 3.27% Copper
Ongoing work and pending results from the Navidad project include Phase III
drilling (13 holes were competed prior to the Christmas break), the expanded
soil sampling grid (1,366 new samples collected to the southwest of the present
grid), a large expansion to the geophysical grid, and ongoing prospecting,
mapping, and rock sampling. Results from this work and continued Phase III
drilling at Calcite Hill, Navidad Hill, and the Connector Zone will be released
as they become available.
The Loma de la Plata zone is hosted within quartz-eye latite volcanic rocks that
dip to the northeast at 15 to 45 degrees. Mineralization occurs in
micro-veinlets and breccia zones and consists primarily of minor galena and
copper oxides with common native silver. A more complete geological description
of the Loma de la Plata zone can be found in the December 9, 2004 press release
that included partial results from sample lines LP-1 to LP-7, more detailed maps
and cross sections of the zone can be found at IMA's website
(www.imaexploration.com).
NEWS RELEASE JANUARY 6, 2005
IMA EXPLORATION INC. PAGE 2
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Mineralization at Sector Zeta predominantly consists of green copper oxides
within argillicly altered latite volcanic rocks that are often brecciated. IMA
geologists interpret that the volcanic rocks which host mineralization here are
part of the same volcanic unit that hosts mineralization at Galena and Navidad
Hills and also at Loma de la Plata. At present, the orientation of the
mineralized zone at Sector Zeta is unknown, drill data will be needed to
unambiguously define the geometry and size of the mineralization.
The possibility of leaching, or alternatively, concentration of silver and
copper values at or near surface, particularly at Sector Zeta in the case of
copper, can not be determined from the data available to date. Drilling will be
required to determine the distribution of grades at depth and the true thickness
of the mineralization at Loma de la Plata.
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
program. For more information and maps depicting the work described herein
please visit IMA's web site at http://www.imaexploration.com/.
IMA is well financed to execute several significant drill programs to continue
to test the numerous remaining targets at Navidad as well as conduct a regional
review of the Company's large adjoining land package. The Company has over 10
years experience in Argentina and is focused on the 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 1
RELEASE JANUARY 6, 2005
IMA EXPLORATION INC. PAGE 3
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TABLE 1: COMPLETE LOMA DE LA PLATA TRENCH RESULTS
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LWA LWA LWA
LINE LENGTH SILVER COPPER LEAD
(METRES) (G/T) (%) (%)
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Line LP-1 40.1 740 0.10 0.16
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Line LP-2 - total 103.3 290 0.04 0.02
unsampled gaps 35.6 - - -
sampled portion only 67.7 442 0.05 0.08
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Line LP-3 42.9 684 0.09 0.23
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Line LP-4 - total 135.9 159 0.04 0.02
unsampled gaps 63.4 - - -
sampled portion only 72.5 298 0.07 0.03
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Line LP-5 24.0 260 0.08 0.02
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Line LP-6 15.0 384 0.17 0.01
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Line LP-7 - total 48.5 315 0.15 0.01
unsampled gaps 19.0 - - -
sampled portion only 29.5 518 0.25 0.01
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Line LP-8 - total 61.2 168 0.02 0.51
unsampled gaps 26.6 - - -
sampled portion only 34.6 297 0.04 0.89
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Line LP-9 - total 49.5 410 0.05 0.05
unsampled gaps 11.6 - - -
sampled portion only 37.9 535 0.06 0.07
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Line LP-10 - total 56.0 452 0.09 0.00
unsampled gaps 19.9 - - -
sampled portion only 36.1 701 0.13 0.00
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Line LP-11 12.5 162 0.04 0.02
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Line LP-12 - total 29.9 50 0.01 0.06
unsampled gaps 16.5 - - -
sampled portion only 13.4 111 0.02 0.13
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RELEASE JANUARY 6, 2005
IMA EXPLORATION INC. PAGE 4
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TABLE 2: SECTOR ZETA TRENCH RESULTS
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LWA LWA LWA
LINE LENGTH SILVER COPPER LEAD
(METRES) (G/T) (%) (%)
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Line Z-1 30.0 19 0.44 0.00
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Line Z-2 10.0 54 0.85 0.00
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Line Z-3 21.1 29 0.65 0.08
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Line Z-4 6.7 53 0.43 0.00
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Line Z-5 23.0 58 0.70 0.00
including 8.0 105 1.14 0.00
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Line Z-6 60.0 61 0.64 0.00
including 12.0 112 1.13 0.00
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Line Z-7 26.0 63 1.56 0.00
including 12.0 133 3.27 0.00
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Notes:
1. "LWA" indicates length weighted average grade.
2. Line totals include the complete length of the trench with unsampled
portions included at zero grade.
3. Lines LP-1 through LP-7 were previously released, see December 9, 2004
press release. Previously released results are indicated in this release
with an asterix (*).
4. Line LP-2 includes 39.3 metres that were previously released and a 64.0
metre extension.
RELEASE JANUARY 6, 2005
IMA EXPLORATION INC. PAGE 5
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[GRAPHIC OMITTED][GRAPHIC OMITTED]
LOMA DE LA PLATA - CHANNEL SAMPLE RESULTS MAP
NAVIDAD PROJECT - LOCATION OF PRINCIPAL ZONES MAP
SECTOR ZETA - CHANNEL SAMPLE LOCATIONS AND RESULTS MAP
To view this page of small maps please visit the Company's website:
www.imaexplorations.com
or
Canadian SEDAR filing site:
www.sedar.com