Drilling Intercepts Silver Mineralization 525 Metres Northwest of Calcite Hill Resource at IMA's Navidad 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 announce results for diamond drill holes 175 to 188 from its 100% owned Navidad Silver-Lead project in Patagonia, Argentina. Holes 178 and 179, located 525 metres to the northwest of the boundary of current resources at Calcite calcite (kăl`sīt), very widely distributed mineral, commonly white or colorless, but appearing in a great variety of colors owing to impurities. Hill (see attached map), intercepted 30.0m of 122 g/t silver and 25.0m of 251 g/t silver, respectively, discovering an important extension to the 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. along the Navidad Trend. In addition, hole 175 which was drilled at 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, intercepted 194 metres of 188 g/t silver and 5.8% lead including 49.8 metres of 481 g/t silver and 14.2% lead (see attached table). These results highlight the potential for increasing the silver resources at the Navidad project. Indicated Resources at the Navidad Silver-Lead discovery of 300.7 million ounces of silver and 1.27 million tonnes of lead (92.8 million tonnes @ 101 g/t silver and 1.36% lead), and Inferred Resources of 39.4 million ounces of silver (15.2 million tonnes @ 78 g/t silver), are located within a 2.3 kilometre segment of the Navidad Trend. Significant portions of the three mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. trends that have been identified to date on the Navidad project have received little or no drilling. The Navidad Trend, the Argenta Trend and the Esperanza Trend combined cover in excess of 14 km of strike potential. Continued exploration drilling will systematically drill test the mineralized trends and updated resource calculations will be conducted on an ongoing basis as drill results warrant. Step-out drilling 525m to the northwest of the Indicated Mineral Resource at Calcite Hill has identified an important new style of silver mineralization. This mineralization consists of minor amounts of galena and possibly other sulphide/sulphosalt minerals, hosted within coarse-grained sedimentary rocks (Geol.) See See also: Sedimentary that occur interbedded within a finer grained sedimentary sed·i·men·ta·ry also sed·i·men·tal adj. 1. Of, containing, resembling, or derived from sediment. 2. Geology Of or relating to rocks formed by the deposition of sediment. sequence. The coarse grained coarse grain - granularity sediments have strong clay alteration Modification; changing a thing without obliterating it. An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. and appear to be partially derived from the favourable volcanic horizon that hosts most of the Navidad Project mineralization, but are located laterally lat·er·al adj. 1. Of, relating to, or situated at or on the side. 2. Of or constituting a change within an organization or a hierarchy to a position at a similar level, as in salary or responsibility, to the one being left: and/or above it. Six drill holes have been completed ranging from 525 to 1,225 metres to the northwest of Calcite Hill where new resources were recently reported (June 16, 2005). Results are available for only the first two, holes 178 and 179. Both holes contain intersections with significant silver and lead values over significant core lengths. Mineralization intercepted in these two holes appears to correlate well across the 110m between the mineralized intervals, with a nearly horizontal dip. The mineralization starts 30-50m below surface and has a true thickness of about 20-35m. At present the extents of this new style of mineralization are unknown, however the sedimentary rocks which host the mineralization are present over a large area extending from Calcite Hill to the west and northwest. Further drilling in this area will be planned once the results of all six reconnaissance  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. holes are received. Diamond drill hole 175 was drilled at Galena Hill in order to provide material for ongoing metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. testing. It was drilled from the platform of hole NV04-44 at a 45 degree angle and crosses holes NV04-42 and 43 (113m of 158 g/t silver, 2.07% lead and 83.0m of 161 g/t silver, 5.8% lead). Hole 175 returned significantly higher than expected silver and lead values and significantly exceeds the values predicted by the Galena Hill block model prepared by Snowden and announced May 25, 2004. Hole 175 intersected 194 metres of 188 g/t silver and 5.8% lead including 49.8 metres of 481 g/t silver and 14.2% lead. Eleven new holes have been completed to date at Calcite Hill around the peripheries of the Indicated Resource (12 million tonnes @ 83 g/t silver and 0.75% lead - see June 16, 2005 release). The purpose of these drill holes was to better define the margins of the Calcite Hill resource, in general results from this drilling are as expected and will allow the company to move ahead with testing new zones. 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 http://www.imaexploration.com/. IMA Exploration Inc's Annual General Meeting of shareholders will take place at 12:30pm on Thursday June 23rd, 2005, in the Garibaldi Room at the Four Seasons Hotel, 791 West Georgia Street Georgia Street, more officially West Georgia Street or Georgia, is arguably the most important street in Downtown Vancouver. It serves as the one of the primary streets for the financial and central business districts and is the major transportation corridor , Vancouver, B.C., Canada. ON BEHALF OF THE BOARD "Joseph Grosso" 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 12
Diamond drill hole results, holes NV04-175 to 188:
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g/t
composite Sil- % % %
from to length ver Copper Lead Zinc
DDH Location (metres) (metres) (metres) (LWA) (LWA) (LWA) (LWA)
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NV05-175 Galena
Hill 47.18 241.63 194.45 188 0.01 5.79 0.38
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including 47.18 174.87 127.69 254 0.01 8.13 0.55
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including 47.18 97.00 49.82 481 0.02 14.23 0.71
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NV05-176 Calcite
Hill 95.65 206.10 110.45 28 0.07 0.28 0.02
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including 95.65 116.64 20.99 63 0.02 1.46 0.05
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including 107.50 116.64 9.14 89 0.02 2.22 0.04
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NV05-177 Calcite
Hill 213.18 218.10 4.92 94 0.17 0.19 0.09
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NV05-178 NW
Calcite
Ext 68.00 112.80 44.80 96 0.03 0.76 0.07
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including 71.00 101.00 30.00 122 0.04 0.52 -0.01
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NV05-179 NW
Calcite
Ext 43.10 68.10 25.00 251 0.08 0.32 0.01
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including 56.10 58.78 2.68 1909 0.58 1.31 0.09
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NV05-180 Calcite
Hill 104.40 113.40 9.00 119 0.07 0.20 0.03
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NV05-181 Calcite
Hill 3.00 19.02 16.02 36 -0.01 0.34 0.19
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and 93.83 122.20 28.37 25 0.02 0.32 0.08
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NV05-182 Calcite
Hill 123.07 156.81 33.74 39 0.13 0.02 0.03
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including 123.07 128.20 5.13 57 0.26 0.01 0.06
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including 145.96 156.81 10.85 71 0.11 0.03 0.02
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NV05-183 Calcite
Hill 154.69 159.71 5.02 47 0.09 0.01 -0.01
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and 196.75 201.00 4.25 67 0.10 0.02 0.02
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NV05-184 Calcite
Hill 82.66 176.20 93.54 97 0.04 0.77 0.02
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including 94.90 99.82 4.92 712 0.32 3.65 0.05
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including 120.14 124.07 3.93 333 0.13 0.29 0.00
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NV05-185 Calcite
Hill 106.97 143.00 36.03 71 0.29 0.23 0.06
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including 106.97 111.22 4.25 256 0.66 0.61 0.16
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and 58.25 59.81 1.56 5106 1.38 3.12 0.27
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NV05-186 Calcite
Hill 43.50 100.20 56.70 82 0.12 0.99 0.19
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including 44.70 53.10 8.40 259 0.08 6.15 0.68
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NV05-187 Calcite
Hill no significant results
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NV05-188 Calcite
Hill 184.16 200.00 15.84 168 0.21 0.01 0.04
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NOTE: A map is available on CCNMatthews' website at www2.ccnmatthews.com/database/fax/2000/imr0621.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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