FORM 6-K
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                        Report of Foreign Private Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934

                         For the month of OCTOBER , 2002
                                         ---------

                              IMA Exploration Inc.
                 (Translation of registrant's name into English)

                                     0-30464
                                (SEC File Number)

     #709 - 837 West Hastings Street, Vancouver, British Columbia, V6C 3N6
                    (Address of principal executive offices)

Indicate by check mark whether the registrant  files or will file annual reports
under cover Form 20-F or Form 40-F.
              Form 20-F       X         Form 40-F
                        -------------             --------------

Indicate by check mark whether the  registrant  by  furnishing  the  information
contained  in this  Form is  also  thereby  furnishing  the  information  to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

               Yes                       No       X
                      --------------           -------------

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-______________

                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                        IMA Exploration Inc.
                                        (Registrant)

Date  October 25, 2002                  By       /s/ William Lee
     --------------------------              -----------------------------------
                                              (Signature)*
                                        Name:   William Lee
                                              ----------------------------------
                                        Title:     Director
                                              ----------------------------------

     *Print the name and title of the signing officer under his signature.







                                 BC FORM 53-901F

                                    (FORM 27)

                                 Securities Act


                             MATERIAL CHANGE REPORT

              Section 85(1) of the Securities Act, British Columbia
                          (the "British Columbia Act")
        Section 118(1) of the Securities Act, Alberta (the "Alberta Act")
        Section 75(2) of the Securities Act, Ontario (the "Ontario Act")


1.   Reporting Issuer

     The full name of the Issuer is IMA  Exploration  Inc. (the  "Issuer").  The
     address  and  telephone  number  of the  principal  office in Canada of the
     Issuer is as follows:

     #709 - 837 West Hastings Street
     Vancouver, BC
     V6C 3N6
     Phone:  (604) 687-1828

2.   Date of Material Change

     October 25, 2002

3.   Press Release

     A press release  dated  October 25, 2002, a copy of which is attached,  was
     released  through  various  approved  public  media and filed  with the TSX
     Venture Exchange and the British Columbia,  Alberta and Ontario  Securities
     Commissions.

4.   Summary of Material Change(s)

     Please see attached press release for details.

5.   Full Description of Material Change

     Please see attached press release for full details.

6.   Reliance on Section 85(2) of the British  Columbia Act,  Section  118(2) of
     the Alberta Act and Section 75(3) of the Ontario Act

     Not Applicable







                                      - 2 -


7.   Omitted Information

     Not Applicable

8.   Senior Officer

     The  following  senior  officer  of the Issuer is  knowledgeable  about the
     material  change and may be contacted by the  Commission  at the  following
     telephone number:

     William Lee
     Chief Financial Officer
     Phone:  (604) 687-1828

9.   Statement of Senior Officer

     The foregoing accurately discloses the material change referred to herein.


DATED at Vancouver, British Columbia, this 25th day of October, 2002.




                           /s/ William Lee
                           -----------------------------------------------------
                           William Lee, Chief Financial Officer






                              IMA Exploration Inc.

                      Suite 709 - 837 West Hastings Street
               Terminal City Club Tower, Vancouver, B.C. V6C 3N6
        Tel: 604-687-1828 o fax: 604-687-1858 o toll free: 800-901-0058
       Internet: www.imaexploration.com, e-mail: INFO@IMAEXPLORATION.COM
                 Frankfurt & Berlin Exchanges: IMT (WKN 884971)
                           OTC Bulletin Board: IMXPF
                           TSX Venture Exchange: IMR


--------------------------------------------------------------------------------

NEWS RELEASE                                                    October 25, 2002

                        IMA's Las Bayas Program Completed
                              Patagonia, Argentina

IMA  Exploration  Inc. is pleased to announce that Phase I exploration  has been
completed on its Las Bayas gold  project.  The work program on Las Bayas focused
on a  4.5  x 1.5  kilometer  area  of  intense  quartz  veining  within  a  gold
mineralized  corridor that extends over 10 kilometers in length. The mineralized
area  identified  fits the well defined  Esquel  geological  model for the upper
levels of a high-grade  low-sulphidation epithermal gold vein system. The Esquel
gold deposit in Patagonia is 3.8 million  ounces of gold and 6.9 million  ounces
of silver, and was purchased in July 2002 for US$230M by Meridian Gold.

The  exploration  program  consisted  of  detailed  geological  mapping  of  the
epithermal  system,  rock chip sampling of outcropping  veins,  and an extensive
soil grid over the entire 4.5 x 1.5 km area. More than 30 individual veins, with
varying widths up to 22 metres, have been located to date, and all of these have
potential  to  host  significant  gold  concentrations  at  depth.  The  surface
geological  environment  that has been  identified  on Las Bayas,  is typical of
regional high-grade  low-sulphidation epithermal gold vein systems, as evidenced
by values of gold, silver, and pathfinder elements.

At Las Bayas high pathfinder element values (As up to 1,146 ppm, Hg up to 23,700
ppb), combined with vein textures mapped and defined petrographically,  indicate
a present  erosional surface above the predicted gold zone within the epithermal
system.  The Company's  geologists believe that the boiling level and associated
`Bonanza-style'  precious  metal  mineralization  can be  intersected  50 to 100
metres  below the  present  surface.  Geologically,  the veins at Las Bayas show
strong  similarities to many surface  exposures at the Esquel deposit where much
of its resource has been defined at depths of 50 to 150 metres.

Samples from a high priority target within Las Bayas, the "Bola Vein", have been
submitted  for  re-assay,  and these  results  will be  released as soon as they
become  available.  Highlights from Las Bayas rock sampling  (excluding the Bola
Vein) are outlined below:


Sample       Width (m)      Gold (g/t)    Silver (g/t)      Gold Equivalent
                                                               (Au+Ag/70)

2487         1.65           1.56          16.4                    1.79
2493         1.25           4.20          7.6                     4.31
2497         1.05           2.83          6.6                     2.92
2500         2.0            1.33          13.8                    1.53
M96          grab           3.79          71.9                    4.82
M521         3.75           2.96          10.4                    3.11
M524         grab           1.73          12.7                    1.91

The Company's  geological team conducting the exploration  program in the region
are highly experienced, and have an intimate knowledge of the local geology. The
exploration  team  includes:  Paul  Lhotka,  Ph.D.,  P.Geo.,  who has  extensive
experience in low sulphidation epithermal gold vein systems; Sergio Kain, B.Sc.,
who was a member of Brancote Holdings PLC's geological team that made the Esquel
discovery;  and  Daniel  Bussandri,  B.Sc.,  a local  Argentine  geologist  with
substantial experience in the Patagonia region.

The Esquel and Cerro  Vanguardia  gold deposits in Patagonia,  both of which are
large low  sulphidation  epithermal  gold vein  systems,  have  highlighted  the
potential  for  discoveries  of similar  styles of  mineralization  within  this
largely  unexplored  region.  IMA has been evaluating  exploration  prospects in
Patagonia  since July 2000,  and now holds a 100%  interest  with no  underlying
royalties  in 750 square  kilometres  of highly  prospective  gold  projects  in
Patagonia.

IMA is a pioneer and veteran of Argentina's mining  exploration  industry and is
well  positioned to take advantage of highly  prospective  gold projects as they
become available.  The Company's network of contacts has been developed over the
past 10 years,  enabling IMA to quickly identify new opportunities and negotiate
advantageous terms.

ON BEHALF OF THE BOARD

"Dr. Gerald Carlson"
---------------------------
Dr. Gerald G. Carlson

For further  information please contact Joseph Grosso,  President & CEO, or Sean
Hurd,  Investor  Relations  Manager,  at 1-800-901-0058 or 604-687-1828,  or fax
604-687-1858,  or by email  INFO@IMAEXPLORATION.COM,  or visit the Company's web
site at HTTP://WWW.IMAEXPLORATION.COM. The TSX Venture Exchange has not reviewed
and does not accept  responsibility  for the  adequacy  or the  accuracy of this
release.

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 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  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.