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Gold/Mining/Energy : IMA Exploration (VSE:IMR) - IMR.V -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Robbins who wrote (474)	9/3/2002 2:06:58 PM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 520

IMA Exploration picks up five Patagonia properties IMA Exploration Inc IMR Shares issued 21,018,108 Aug 30 close $0.49 Tue 3 Sept 2002 News Release Dr. Gerald Carlson reports IMA ACQUIRES KEY PROJECTS IN PATAGONIA, SOUTHERN ARGENTINA IMA Exploration has reached an important new milestone with the accumulation of several gold properties in the Patagonia region of southern Argentina. With these new acquisitions, the company has secured the following gold projects: Costa, Lago Pico, Corcovado, Loma Alta and Nueva Ruta, bringing IMA's land position in this high-profile gold district to almost 750 square kilometres (74,906 hectares) on which the company holds a 100-per-cent interest with no underlying royalties. The newly acquired properties are within the same geological trend, and in a similar geological environment as Meridian Gold Inc.'s Esquel deposit (formerly owned by Brancote Holdings PLC and containing a resource of 3.8 million ounces gold and 6.9 million ounces of silver). The Patagonia region has also seen several other new gold discoveries, including Cerro Vanguardia and Manantial Espejo. Consequently, the district has attracted the keen interest of several of the world's largest gold and silver producers, as well as an increasing number of medium and small exploration companies. The company's geological team is currently in the midst of a six- to eight-week exploration program (see news in Stockwatch on Aug. 13, 2002) conducting detailed surface exploration on its Victoria, Las Bayas and Los Toros projects, as well as a regional review in Patagonia. IMA's property package is the result of a continuing property review in the region conducted over the last two years. These properties are highly prospective for the discovery of an Esquel-type multimillion-ounce low-sulphidation epithermal vein deposit. Initial results are expected in next several weeks. The company continues to seek new exploration opportunities through its extensive contact base to add to its strategic land position, which has attracted several major mining companies, including its joint venture partner in Argentina, Barrick Gold Corp. WARNING: the company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com