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 DECEMBER, 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: December 19, 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 American Stock Exchange: IMR
Frankfurt & Berlin Exchanges: IMT (WKN 884971)
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NEWS RELEASE - DECEMBER 19, 2005
NAVIDAD PROJECT UPDATE
IMA EXPLORATION INC. (IMR-AMEX, TSX-V) is pleased to provide an update on its
100% owned Navidad silver-lead project located in Patagonia, Argentina. To date,
IMA has defined an Indicated Resource of 300.7 million ounces of silver and 1.27
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 - see News Release 11, June 16, 2005)
at the Navidad Project, making it one of the world's largest primary silver
deposits.
RESOURCE CALCULATION
Snowden Mining Industry Consultants Inc., is currently completing an updated
resource estimation for the Navidad project. This resource estimate will be
based on all of the drilling carried out to date and will include resources from
Galena Hill, Connector Zone, Navidad Hill, and Calcite Hill. The resource update
is expected to be released in January 2006.
METALLURGY
Encouraging preliminary metallurgical results from flotation tests carried out
on samples from Galena Hill, Navidad Hill and Calcite Hill were reported by the
Company earlier in December (News Release 25, December 1, 2005). Additionally,
preliminary results from alkaline pressure oxidation followed by thiosulphate
leaching of pyrite concentrate from Galena Hill are highly encouraging and will
be released once a sufficient number of tests have been completed, early in the
new year.
SCOPING STUDY
Under the direction of Ing. Augusto Baertl, President and CEO of IMA Latin
America, the international mining consulting firm Pincock, Allen and Holt has
been selected through a bid process to prepare a conceptual study of the Navidad
project. This work is expected to provide preliminary engineering and economic
parameters to guide the ongoing development of the Navidad project. The study
will commence once the updated resource estimate has been received in early 2006
DRILLING AND SURFACE EXPLORATION
Additional geological mapping has recently been completed along and south of the
Argenta Trend and 790 new soil samples were collected from the area; results are
currently being compiled. After the Christmas break IMA will be commencing a
Phase IV diamond drill program on the Navidad project that will initially
comprise 10,000 metres targeting: 1) expansion of resources along the Navidad
trend, 2) delineation of the high-grade mineralized zone at Loma de la Plata
which has only been tested by 5 drill holes to date (News Release 24, October
13, 2005), 3) initial testing of other targets located along the 8km Argenta
Trend, 4) additional drilling along the Esperanza trend, and 5) completion of
stratigraphic holes to test buried geological and geophysical targets between
the Navidad and Argenta trends.
LEGAL UPDATE
IMA also reports that the trial which commenced on October 11, 2005 has now
concluded with judgement expected sometime in the first quarter of 2006. The
court case proceeded in accordance with the Company's expectations and IMA
maintains that it has a strong legal position.
-2-
ON BEHALF OF THE BOARD
/s/ Joseph Grosso
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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 27