Drilling Continues to Expand Calcite Hill Mineralization at IMA's Navidad Silver Discovery.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- IMA (Interactive Multimedia Association, Annapolis, MD) An earlier trade association founded in 1988 originally as the Interactive Video Industry Association. It provided an open process for adopting existing technologies and was involved in subjects such as networked services, scripting Exploration Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:IMR IMR - Internet Monthly Report )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IMXPF)(FWB (Fixed Wireless Broadband) See fixed wireless. :IMT IMT, n.pr See inspiratory muscle training. )(BERLIN:IMT)(WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) 884971) is pleased to report results from diamond drill holes 162 to 174 at the Calcite calcite (kăl`sīt), very widely distributed mineral, commonly white or colorless, but appearing in a great variety of colors owing to impurities. Hill zone on it's 100% owned Navidad silver project in Patagonia, Argentina. Highlights of the current results include 29.6m of 236 g/t silver and 5.38% lead in hole 167, and 51.0m of 168 g/t silver in hole 168. Mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. at Calcite Hill has now been defined over a strike length of 500m and varies in horizontal width from approximately 50 to 150 metres and vertical thickness from 10 to 110 metres (see attached map). To date, IMA has defined an Indicated Resource of 268 million ounces of silver and 1.1 million tonnes of lead (80.8 million tonnes at 103 g/t silver and 1.45% lead using a 50 g/t silver equivalent cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, ) at Navidad Hill, Galena galena (gəlē`nə) or lead glance, lustrous, blue-gray mineral crystallizing usually in cubes, sometimes in octahedrons. It is the most important ore and the principal source of lead. Hill and the Connector Zone. A new resource estimate at Calcite Hill is planned to begin shortly and will be conducted by Snowden Mining Industry Consultants based on the 36 drill holes completed at Calcite Hill during Phase III Noun 1. phase III - a large clinical trial of a treatment or drug that in phase I and phase II has been shown to be efficacious with tolerable side effects; after successful conclusion of these clinical trials it will receive formal approval from the FDA (as of April 18, 2005). To date, IMA has completed 27,981m of core drilling in 174 holes taking the Navidad Project from an undrilled prospect to one of the world's largest silver resources in just 17 months. The Calcite Hill mineralization is expected to add significantly to the existing resource base. In addition, the company reports that Connors Argentina S.A. is now on site at Navidad to begin the additional 10,000m that were added to the Phase III drill program. The primary focus of this program will be to continue to expand the high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. silver-lead mineralization at Calcite Hill. The Calcite Hill zone is open along strike to the northwest where a silver-in-soil anomaly Abnormality or deviation. Pronounced "uh-nom-uh-lee," it is a favorite word among computer people when complex systems produce output that is inexplicable. See software conflict and anomaly detection. extends for a further 1.4 km beyond the present limit of drilling, and also to the northeast in the area nearest Navidad Hill. Complete results from drill holes 162 to 174 are shown in Table 1, significant intercepts to date from Calcite Hill include the following: --------------------------------------------------- Drill hole Intercept (m) Silver (g/t) Lead (%) --------------------------------------------------- NV04-88(i) 72.3 202 3.45 --------------------------------------------------- NV04-124(i) 122.6 195 0.74 --------------------------------------------------- NV04-126(i) 196.1 113 0.44 --------------------------------------------------- NV05-138(i) 123.3 139 1.07 --------------------------------------------------- NV05-143(i) 46.6 330 0.39 --------------------------------------------------- NV05-148(i) 83.0 209 1.23 --------------------------------------------------- NV05-149(i) 124.2 135 0.29 --------------------------------------------------- NV05-151(i) 80.2 246 0.78 --------------------------------------------------- NV05-162 32.3 176 0.13 --------------------------------------------------- NV05-165 50.6 102 0.92 --------------------------------------------------- NV05-167 29.6 236 5.38 --------------------------------------------------- NV05-168 51.0 168 0.04 --------------------------------------------------- NV05-170 50.9 124 1.93 --------------------------------------------------- NV05-171 43.9 171 2.82 --------------------------------------------------- (i) denotes previously released results Silver mineralization at Calcite Hill is predominantly pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. hosted within the same trachyandesite volcanic rock and overlying overlying suffocation of piglets by the sow. The piglets may be weak from illness or malnutrition, the sow may be clumsy or ill, the pen may be inadequate in size or poorly designed so that piglets cannot escape. mudstone mud·stone n. A fine-grained, dark gray sedimentary rock, formed from silt and clay and similar to shale but without laminations. mudstone which hosts mineralization at Galena Hill. Mineralization consists of two distinct styles, one consisting of calcite-barite veinlets and breccias with argentite-acanthite, native silver and lesser galena and chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. , the other consisting of veins and breccias containing medium-grained galena and rare native silver. Dr. Paul Lhotka is IMA's Qualified Person for the Navidad project under National Instrument 43-101 regulations and has overseen all aspects of the current exploration program. IMA has implemented a rigorous program of quality assurance and quality control at the Navidad project, for complete details of this and for more maps depicting the work described herein please visit IMA's web site at www.imaexploration.com/. IMA Exploration Inc. is a member of The Grosso Group of companies. The Grosso Group is a management team that puts their combined experience, financial network and dedication behind every company that makes up the group. It is the human and financial resources that the Group provides that are the cornerstones to building successful companies and outperforming their peers in the market place. ON BEHALF OF THE BOARD Mr. Joseph Grosso, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. strictly prohibit pro·hib·it tr.v. pro·hib·it·ed, pro·hib·it·ing, pro·hib·its 1. To forbid by authority: Smoking is prohibited in most theaters. See Synonyms at forbid. 2. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. including but not limited to comments regarding the timing and content of upcoming work programs, geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. 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. 2005 Number 9
Table 1: Phase III drill results, drillholes NV05-162 to 174
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Composite g/t % %
From To Length Silver Copper Lead
DDH Location (metres) (metres) (metres) (LWA) (LWA)(LWA)
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NV05-162 Calcite Hill 86.53 118.80 32.27 176 0.15 0.13
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including 112.67 118.80 6.13 721 0.35 0.12
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NV05-163 Calcite Hill 64.80 80.33 15.53 149 0.08 1.17
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NV05-164 Calcite Hill 75.10 95.76 20.66 24 0.14 0.03
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and 139.97 143.75 3.78 76 0.25 0.13
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NV05-165 Calcite Hill 45.49 96.05 50.56 102 0.21 0.92
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including 58.77 72.32 13.55 240 0.21 0.71
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NV05-166 Calcite Hill 46.60 108.22 61.62 44 0.11 0.18
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including 46.60 59.10 12.50 92 0.14 0.61
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and 89.10 108.22 19.12 55 0.13 0.14
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NV05-167 Calcite Hill 83.94 113.55 29.61 236 0.06 5.38
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including 83.94 88.80 4.86 1251 0.36 9.19
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and 99.66 113.55 13.89 60 0.01 7.87
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NV05-168 Calcite Hill 86.10 87.70 1.60 53 0.11 3.60
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and 113.10 164.10 51.00 168 0.26 0.04
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including 128.95 142.32 13.37 333 0.58 0.01
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NV05-169 Calcite Hill 80.45 107.40 26.95 48 0.01 0.89
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NV05-170 Calcite Hill 83.52 134.40 50.88 124 0.18 1.93
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including 83.52 110.21 26.69 183 0.19 3.66
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and 117.76 134.40 16.64 83 0.24 0.02
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NV05-171 Calcite Hill 89.65 133.52 43.87 171 0.16 2.82
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including 95.50 113.85 18.35 220 0.21 5.11
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NV05-172 Calcite Hill 89.10 101.29 12.19 67 0.05 1.07
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NV05-173 Calcite Hill 69.31 80.80 11.49 127 0.05 0.96
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and 204.50 220.33 15.83 50 0.06 0.00
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NV05-174 Calcite Hill 84.53 129.50 44.97 35 0.03 1.41
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including 111.50 129.50 18.00 57 0.07 0.70
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Notes: 1. All length weighted averages (LWA) are uncut.
2. A complete table of hole locations, lengths,
and orientations is available at IMA's
website www.imaexploration.com.
To view the map accompanying this press release please click on the following link: http://www2.ccnmatthews.com/database/fax/2000/imamap.pdf The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. IMA Exploration Inc. (TSX VENTURE:IMR) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :IMXPF) (FRANKFURT:IMT) (BERLIN:IMT) |
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