It is now summer in Argentina and the drilling season is just starting. IMA has a great deal of property in known GOLD areas. They are now associated with Barrick in an exciting relationship in several of IMA'S properties. Barrick knows what IMA has and wants a share! Most of the 1.5 million $'s they have invested in IMA is going for the proving up of IMA'S properties. What a deal for Barrick!
Here is the latest News Release. Go to their web site at imaexploration.com to see for yourself the explosive potential in this stock's value. Be sure to look at the map associated with this news release. IMA HAS THE GOODS! Call IMA, their IR person, Sean Hurd is very well informed and willing to impart any DD information you may require to make an informed investment in a well visioned, managed, financed, and propertied junior mining exploration company.
IMA EXPLORATION INC.
VSE SYMBOL: IMR
imaexploration.com
info@imaexploration.com
1-800-901-0058
NEWS RELEASE
November 15, 1999
EXPLORATION PROGRAM UNDERWAY
ADJACENT TO GOLD DISCOVERIES TOTALING +25 MILLION OUNCES
Mr. Joseph Grosso, President & C.E.O., is pleased to announce that IMA
Exploration Inc. has commenced exploration in the Valle del Cura district of San Juan, Argentina. The Company has budgeted a minimum expenditure of $1.125 million for work on five of IMA's nine properties in the Valle del Cura region, which hosts the Pascua and Veladero discoveries.
The Company's technical team will initially conduct follow-up exploration on the Rio de las Taguas and Potrerillos concessions (currently under option to Barrick Gold Corporation) concentrating on alteration zones associated with southeast trending faults that extend from the neighbouring +20 million ounce Pascua gold discovery onto IMA's claims. The targets were identified through the interpretation of satellite colour anomalies and extrapolation
of linear structural elements, which are major controls for the
mineralisation on both the adjoining Pascua and Veladero properties.
(See accompanying map at imaexploration.com
Additional properties included in this exploration program are the 100% owned Gollete, Ortiguita, and Banitos concessions, bringing the total area being explored to 24,694 hectares (54,326 acres).
IMA is a long established explorer and pioneer in Argentina since late 1993 and holds strategic land positions in five highly prospective mining regions, several of which are in close proximity to major discoveries. The Company is well positioned to continue to attract quality properties and is in active discussions with major mining companies as potential joint-venture partners through its extensive contact base in Argentina. IMA is well financed and looks forward to working with Barrick on its Valle del Cura exploration programs.
ON BEHALF OF THE BOARD
"Joseph Grosso"
_________________________________
Mr. Joseph Grosso, President & C.E.O.
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release.
1999 Number 16
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FOR FURTHER INFORMATION PLEASE CONTACT:
Sean Hurd
Investor Relations
T: (604) 687-1828 or (800) 901-0058
shurd@imaexploration.com
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The information contained herein is under no circumstances to be construed as an offer to sell or a solicitation to buy any securities mentioned.
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