Press Release Source: IMA Exploration Inc.
IMA Prepares For Drilling On Its 100% Owned Navidad Project, Patagonia, Argentina
Tuesday November 18, 4:00 pm ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 18, 2003--IMA Exploration Inc. (OTCBB:IMXPF - News; TSX VENTURE:IMR - News; BERLIN:IMT - News; FRANKFURT:IMT) (WKN 884971) is pleased to announce all required permits for drilling have been received by the Company and a drill contract has been awarded to Connors Argentina, S.A. Construction of drill pads and improvement of trails to allow access for drilling equipment is now underway and is expected to be completed shortly. The upcoming two-phase 6,000 metre diamond drill program is to begin immediately after site preparation is completed.
The drill program will focus on the three distinct (yet related) styles of mineralization that have been defined at the Navidad project. Individually, each style of mineralization could develop into a significant resource; combined, the three styles of mineralization demonstrate the overall size and grade potential of the entire Navidad system. Phase I drilling will initially target the bonanza grade silver-copper-lead mineralization on Navidad Hill and Galena Hill. (see September 3, 2003 news release for overview of results to date)
The Navidad discovery is the culmination of several years of ongoing generative exploration programs that IMA has been conducting throughout Argentina, including the Patagonia region. IMA acquired the project by staking and holds a 100% interest with no underlying royalties. Dr. Paul Lhotka, P.Geo. will act as the Company's independent "Qualified Person" on the Navidad Project.
IMA Exploration Inc. has over $4,000,000 in its 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.
ON BEHALF OF THE BOARD
Mr. Joseph Grosso, President & CEO
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
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Contact:
IMA Exploration Inc.
Joseph Grosso, 604-687-1828 or 1-800-901-0058
604-687-1858 (FAX)
or
Sean Hurd, 604-687-1828 or 1-800-901-0058
604-687-1858 (FAX)
info@imaexploration.com
www.imaexploration.com
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