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

To: Michael Bidder who wrote (516)	11/27/2003 3:22:54 AM
From: Michael Bidder	Read Replies (1) \| Respond to of 520

Perhaps 100 meters Bonanza grade silver copper lead will get her moving? you may get your wish: Wed Nov 26, 2003 Drilling At IMA's Navidad Discovery Now Underway -------------------------------------------------------------------------------- IMA Exploration Inc. (IMR:TSX-V) is pleased to announce the Phase I core drilling program has commenced on its 100% owned Navidad Project in Patagonia, Argentina. The first drill hole is now underway at Navidad Hill targeting the bonanza grade silver-copper-lead mineralization. The drilling will range in depth from approximately 100 to 250 metres and the initial targets will include Navidad Hill and the galena matrix breccia and carapace breccia on Galena Hill. Portions of the large chargeability anomaly, which correlates with mapped galena matrix breccia at Galena Hill, will also be tested. Assay results from the 3,500 metre, Phase I drill program will be released in batches of several drill holes each and a follow-up Phase II drill program will be planned based on the results of Phase I. Navidad Hill Target - Surface Results (previously announced) Bonanza Grade Structures: 162 oz/t silver (5,546 g/t), 3.8% copper and 9.8% lead over a cumulative strike length of 636 metres (m). Carapace Breccia: 110.5 oz/t silver (3,785 g/t), 3.7% copper in three areas measuring 150 x 50m, 25 x 20m and 20 x 18m. Galena Hill Target - Surface Results (previously announced) Carapace Breccia: 64.9 oz/t silver (2,222 g/t), 0.84% copper, and 2.9% lead in two areas measuring 118 x 46m and 55 x 16m. Galena Matrix Breccia: 4.3 oz/t silver (147 g/t) and 7.69% lead in an area measuring 475 x 90m. The excellent correlation of the geological and geophysical data at Galena Hill highlights the potential for a large bulk-tonnage silver-lead±copper deposit. Drill core samples will be analyzed for silver and gold by fire assay and copper, lead, and additional elements by ICP-ORE at Alex Stewart (Assayers) Argentina, S.A. Alex Stewart is part of a large international organization serving the mineral industry in exploration, environmental, and production analytical work. Dr. Barry Smee, P.Geo. has audited Alex Stewart's facilities in Mendoza, Argentina on behalf of the Company and found that the laboratory complies with NI 43-101 requirements. All sampling and sample security will be overseen by Dr. Paul Lhotka, P.Geo., IMA's Independent Qualified Person for the Navidad Project. Quality assurance and quality control procedures to be used by the Company include approximately 13.5% duplicate, blank, and standard samples. In addition, approximately 5% of samples will be reanalyzed by ALS Chemex, providing a further check on the quality of sample data. For additional information on the Company's QA/QC procedures, please review the material posted at www.imaexploration.com in the Navidad property section. 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 "Joseph Grosso" Mr. Joseph Grosso, President & CEO For further information please contact Joseph Grosso, President & CEO, or Sean Hurd, Investor Relations Manager, 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 imaexploration.com.