Welcome to IMA Exploration Inc.
IMA Exploration Inc. is a Vancouver-based exploration company with experienced management and technical teams, and over $24 million in its treasury. IMA's strategy is to identify and acquire advanced-stage projects that contain established resources and provide solid opportunities to expand value through continued exploration.In what is considered to be the first of several upcoming developments for the Company, IMA recently negotiated to earn up to a 70% interest in the exciting Island Copper Project in British Columbia, which includes the Hushamu deposit and six additional porphyry-style copper-gold-molybdenum systems. The property has significant potential for expanding known resources and mineralized zones as well as for the discovery of new ones. The Hushamu deposit hosts a NI 43-101 compliant measured and indicated resource of 230.9 million tonnes grading 0.28% Cu and 0.31 g/t Au, containing 2.29 million ounces of gold and 1.425 billion pounds of copper, as well as an inferred resource of 52.8 million tonnes grading 0.28% Cu, 0.38 g/t Au, containing 326 million pounds of copper and 0.64 million ounces of gold. Hushamu also contains undefined molybdenum mineralization. The inferred resource will be upgraded with additional drilling and the Company is confident that it will significantly expand the resource beginning with the 5,000m drill program slated to begin fall 2008 and a continuing aggressive drilling program in 2009.
IMA will continue, with its merger and acquisition team, to evaluate and add additional projects that meet all of the Company's criteria for unrecognized value with exceptional exploration upside.
