IMA's Drilling Expands Silver Mineralization at Navidad Hill.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. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IMXPF) (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 ) (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 from drill holes 64 to 73 at the Navidad Hill and Connector zones on the Company's 100% owned Navidad Project. Six new drill holes have been completed at Navidad Hill, expanding the 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. zone to approximately 200m long by 70 to 200m wide. Continued success at Navidad Hill will ultimately lead to a resource estimation estimation In mathematics, use of a function or formula to derive a solution or make a prediction. Unlike approximation, it has precise connotations. In statistics, for example, it connotes the careful selection and testing of a function called an estimator. at Navidad Hill that will add to the previously released Indicated Resource 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 of 207 million ounces of silver and 1.1 million tonnes of lead (63.6 Million tonnes grading 101 g/t silver and 1.76% lead). Ongoing drilling at Navidad Hill has tested approximately half of the mineralized zone exposed on surface and continues to intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. potentially ore-grade silver 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. (greater than 50g/t Ag). This zone remains open along strike to the northwest and down-dip to the southwest. Highlights of results from the near-vertical, structurally controlled zone include 85m of 83 g/t silver in hole NV04-70, 1.4m of 3,975 g/t silver in hole NV04-73, 19m of 149 g/t silver in hole NV04-71, 84m of 247 g/t silver in hole NV03-07(i), and 69m of 275 g/t silver in hole NV03-08(i). In addition to the structurally controlled mineralization previously intersected at Navidad Hill, near-surface stratigraphically controlled silver mineralization has now been identified along the southwest and southeast flanks of Navidad Hill (drill holes NV04-68 and NV04-73). This new style of mineralization demonstrates potential for moderate grade, bulk-tonnage silver targets around the south, east and west sides of Navidad Hill and into the Connector Zone. Results include 29.55m of 145 g/t silver in NV04-68 starting at 52.2m downhole, and 33m of 92 g/t silver starting from surface in hole NV04-73, including 7.90m of 286 g/t silver. Three new holes have been completed at the Connector Zone, two of which returned potentially ore grade Ore grade is a measure that describes the concentration of a valuable natural material (such as metals or minerals) in its surrounding ore. Ore grade is used to assess the economic feasibility of a mining operation: the cost of extracting a natural material from its ore is directly intercepts including NV04-68 mentioned above. Ongoing drilling will continue to increase the density of drill data within the Connector Zone in order to allow the estimation of an Indicated Resource. For a summary of drill results from drill holes 64 to 73 and their locations please see the attached map and table, or visit the Company's web site (www.imaexploration.com). Dr. Paul Lhotka, P.Geo. is IMA's Qualified Person for the Navidad project and has overseen all aspects of the current program. IMA Exploration Inc. has over 10 years experience in Argentina and is focused on the exploration and development of its 100% owned Navidad silver discovery and its property portfolio in the region. 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 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. 2004 Number 24 (i) These results were previously released.
Table 1: New Navidad Hill and Connector Zone Drill Results
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Inter- g/t % %
Drill From cept Silver Copper Lead
Hole Zone (m) To (m) (m) (LWA) (LWA) (LWA)
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NV04-65 Navidad Hill 4.50 23.87 19.37 81 0.07 0.25
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NV04-66 Connector Zone no significant results
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NV04-67 Connector Zone 50.84 63.70 12.86 145 0.04 1.03
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NV04-68 Connector Zone 52.20 81.75 29.55 98 0.03 0.40
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NV04-69 Navidad Hill 3.00 103.95 100.95 53 0.07 0.07
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including 29.43 34.69 5.26 78 0.22 0.08
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and 63.83 66.05 2.22 232 0.02 0.02
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NV04-70 Navidad Hill 3.00 87.75 84.75 83 0.09 0.04
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including 58.30 62.85 4.55 421 0.23 0.06
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and 81.10 87.75 6.65 175 0.12 0.03
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NV04-71 Navidad Hill 3.00 88.50 87.70 54 0.12 0.03
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including 69.50 88.50 19.00 149 0.15 0.02
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including 78.15 85.50 7.35 265 0.21 0.05
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NV04-72 Navidad Hill 45.01 53.85 8.84 46 0.04 0.04
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NV04-73 Navidad Hill 3.00 36.40 33.40 92 0.04 0.80
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including 28.50 36.40 7.90 286 0.17 1.19
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and 58.00 59.40 1.40 3,975 0.88 0.16
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Notes: 1. All length weighted averages (LWA) are "uncut".
2. A complete list of all results and collar locations to date
is available on IMA's website (www.imaexploration.com).
3. True thicknesses in the case of sub-vertical structurally-
controlled mineralization at Navidad Hill are likely
approximately 70% of the intercept length; true thicknesses
in the case of sub-horizontal stratigraphically-controlled
mineralization are likely between 70 and 100% of the
intercept length.
To view the map accompanying this press release please click on the following link: http://www2.cdn-news.com/database/fax/2000/IMR0727.gif. 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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