Excellent Silver Results at IMA's Navidad Discovery Increase Drilling Commitment to 8,500 Meters.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 29, 2004 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. in pleased to announce that the drilling program at the Company's 100% owned Navidad silver discovery in Patagonia, Argentina, resumed on January 11, 2004 and to date has completed 23 drill holes consisting of 3,500 meters of core. So far the results of 11 holes have been previously announced and the remaining 12 holes will be released as the assay results are received. Furthermore, management has approved an additional 5,000 meters of drilling which will focus on a chargeability 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. 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 with a surface footprint of 1.6 km x 1.3 km that starts near surface and in some cases extends to depths of approximately 300 metres. With approximately $4,500,000 in the treasury, the Company has the financial strength to carry out its exploration objectives at Navidad and does not require additional financing in the immediate future to complete the planned drilling at Navidad. As of January 15th, IMA had 36.6 million shares issued and outstanding and 45 million fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. , including 6 million warrants that are all above their exercise price. IMA has implemented a rigorous quality control and quality-assurance program at the Navidad project. For details of this program please see the document posted www.imaexploration.com in the Navidad property section. Dr. Paul Lhotka, P.Geo. is the "Qualified Person" at the Navidad Project and has overseen all aspects of sample and data handling. IMA Exploration Inc. focuses on quality exploration work designed to define economic gold and silver deposits in Argentina and Peru. IMA has put together an enviable en·vi·a·ble adj. So desirable as to arouse envy: "the enviable English quality of being able to be mute without unrest" Henry James. 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 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 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 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. 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. |
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