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Gold/Mining/Energy : symbol:IRU......IMA RESOURCES
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To: Gary E. Johnson who wrote ()11/6/1996 6:57:00 PM
From: Jonathan Hansen   of 14
 
To all,
Just picked this up from the Leroy Stockman Forum on the weekend. Sounds like things are going to start heating up for IMA.

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IMA Resources IRU.V
Nov. 1 96
Close 1.40 7,800 shares

Hi Leroy,
The drills are turning on the Las Flechas property as of today. I expect a series of announcements over the next 4 to 6 weeks related to drilling , financing etc. and the price should firm up accordingly. All the Buzz in Argentina surrounds the Coipita property. IMA is almost finished the road to the site and the drills will turn as soon as they are complete. There is good reason for excitement - Barrick is on the other side of the mountain, directly opposite IMA, and this is year 2 of drilling for them. They have been on their Coipita property for about 3 years now and typical for a major they won't say a word about what they have - but I doubt that they would spend 2 years poking holes in the side of the Andes for nothing! So we have Barrick, basically doing all the work, and if they have anything -IMA has MORE - the bulk of the mineralization is on IMA's property. The excitement will build as IMA gets closer to dilling and results on Coipita -possibly forcing Barrick's hand.

imaresource.com
IR: 1 800 847-8307 Craig

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Good Luck,
Withrow
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