Monto Minerals Limited release a revised Resource calculation derived from diamond drilling conducted by Kagara Limited (Kagara) at the Baal Gammon mine. The 28 hole drilling program concluded on 30 October 2011.

The Global Resource estimation was generated by Kagara using Ordinary Kriging and applying a hard boundary to the two domains, namely massive sulphide mineralization along the UNA porphyry sill contact zone and disseminated mineralization within the UNA porphyry sill.

Highlights
1. Revised Baal Gammon Resource of 2.8Mt @ 1% Cu, 40g/t Ag, 0.2% Sn & 39g/t In
2. Larger than anticipated high grade zone identified within the Baal Gammon Resource - 829kt @ 2.5% Cu, 96g/t Ag, 0.4% Sn & 96g/t In
3. Current production focused on high grade zone


The purpose of the Baal Gammon Resource calculation was to optimise the current pit design to ensure maximum recovery of the higher grade portions of the Resource.

The identification of the larger than expected high grade Resource zone within the broader Baal Gammon Global Resource has enhanced the economics of the Baal Gammon mine with this material having been prioritized for production from the commencement of mining in late September 2011. Copper in this zone averages 2.5% with significant silver credits of 96g/t. Investigations are continuing on the potential to recover tin.

Baal Gammon ore is currently being processed at Kagara’s Mt Garnet plant.