<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
-----------
FORM 8-K
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of earliest event reported): April 2, 1996
ConSil Corp.
- ------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Idaho
- -----------------------------------------------------------------
(State or other jurisdiction of incorporation)
0-4846-3 82-0288840
- -----------------------------------------------------------------
(Commission File Number) (IRS Employer Identification No.)
Suite 500 - 625 Howe Street
Vancouver, B.C. Canada V6C 2T6
- ------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(208) 769-7610
- ------------------------------------------------------------------
(Registrant's Telephone Number)
<PAGE> 2
Item 5. Other Events.
------------
On April 2, 1996, the Registrant issued the press release attached
hereto as Exhibit A, which is incorporated herein by this reference.
Item 7. Financial Statements, Proforma Financial Information and Exhibits.
-----------------------------------------------------------------
Exhibit A - Press Release dated April 2, 1996.
SIGNATURE
---------
Pursuant to the requirements of Section 12 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.
CONSIL CORP.
By /s/ Nathaniel K. Adams
----------------------------------
Nathaniel K. Adams
Secretary
Dated: April 2, 1996
<PAGE> 3
EXHIBIT INDEX
Exhibit Description
- ------- -----------
A News release dated April 2, 1996
<PAGE> 1
EXHIBIT A
ConSil Corp.
Suite 500 - 625 Howe Street
Vancouver, B.C. V6C 2T6 Canada
604/331-0844 - Telephone
604/331-0845 - Fax
NEWS RELEASE
------------
CONSIL CALLED FOR TRADING
ON THE VANCOUVER STOCK EXCHANGE
-------------------------------
(CS-V)
April 2, 1996
ConSil Corp. ("ConSil") is pleased to announce it has been accepted for trading
on the Vancouver Stock Exchange, with the symbol "CS". The Company is engaged
in exploration and development of silver mining opportunities in Mexico, with
two projects, Sombrerete and Ojo Caliente, in a growing portfolio.
The Sombrerete project is a mine and mill complex with a history dating to 1555.
It has produced almost continuously, most recently until 1991, when it was
forced to close because of depressed silver prices and high Mexican inflation.
Estimated total production from two parallel veins is 180 million ounces of
silver at an estimated average grade of 700 gpt (23 oz/ton) silver plus 1.5 gpt
gold, 5.5% zinc and 3.5% lead. ConSil has an option to purchase a 100% interest
in the mineral rights, mining equipment and 400 tpd mill for US$1 million over
three years, subject to a 4% NSR which can be bought down to 2% for an
additional US$1 million payment. Historic mining has been along 4 km. of the
veins which are known to exist for over 6 km. Immediate potential is a new
shoot, 15 m wide and 100 m long which was being developed 350 m below surface
when the mine was shut down. This potential new zone has not been explored
between the developed level and surface, the interval where the bonanza grades
would be expected in this epithermal vein deposit. This will be the first
priority target in ConSil's proposed Stage I surface diamond drill program,
budgeted at US$450,000. Numerous other exploration targets will be examined,
including the strike extensions of the main structures to the northwest, a fault
offset of one of the veins to the south, as well as parallel veins to the south
and east of the mine. A pre-feasibility study will be carried out concurrently
with the drill program. Ralph Noyes, ConSil's Chairman, said "This mine and
district represent a great opportunity to discover new bonanza ore bodies, both
on known veins and on other prominent targets".
The Company's second project, Ojo Caliente, is an early stage exploration
project which is a geological look-alike to the Zacatecas camp, 40 km. to the
northwest, which has produced over 600 million oz. silver over its 450 year
history. At Ojo Caliente, a small amount of historical production, some dating
to the colonial period, is in evidence from several of the known veins on the
property. However, unlike Zacatecas, the topography here is
<PAGE> 2
relatively flat, with minimal bedrock exposure. Geological indications are that
erosion here is not as deep as at Zacatecas and that the bonanza silver
mineralization, if it is present, would occur below the presently exposed
surface. ConSil has carried out geological, geochemical and geophysical surveys
which have defined a number of high priority drill targets. Some of these
targets are below existing surface workings, where development was limited by a
higher water table. These are believed to be the uppermost expression of
potential ore shoots at depth. Other targets are new structures defined by
geophysical and soil geochemical surveys. This is the first known application
of modern exploration methods on this 10,000 ha. property. A $500,000 diamond
drill program is planned. ConSil can earn a 50% interest and operatorship by
spending US$2.5 million over three years.
Ralph Noyes, Chairman of the Board, in a 20 year career in mining has managed
several underground precious metal mines, including the construction of a gold
mine in Mexico, and was most recently Vice President, Metal Mining for Hecla
Mining Company. Gerry Carlson, company President, has over 25 years of
experience in mineral exploration world-wide as well as management experience
with junior exploration companies.
ConSil, formerly Consolidated Silver Corporation, is an Idaho based corporation
formed in 1967 for the exploration and development of the Silver Summit Mine in
Idaho. Although the mine has been sold, ConSil retains a 4% NSR on any future
production. Hecla Mining Company is a major shareholder. There are currently
9,455,683 shares outstanding, fully diluted.
On Behalf of the Board of Directors
/s/ Gerald G. Carlson
- -----------------------
Gerald G. Carlson, Ph.D., P.Eng.
President
For further information, please contact:
Gerry Carlson Ralph Noyes
(604) 331-0844 (208) 769-7610
The Vancouver Stock Exchange neither approves nor disapproves
of the information contained in this news release.
