Globex Options Second Labrador Trough Iron Project

Globex Mining Enterprises (TSX:GMX,FRA:G1M,OTC:GLBXF) reports it has an agreement with Titan Iron Ore Corp (OTC:TFER).

The press release is quoted as saying,

Titan may earn 100% interest in a Globex, Labrador trough area iron exploration property in Northern Quebec.

The property consists of 200 claims totalling approximately 9,160 ha (22,635 acres) and covers a 32 kilometre (19.9 miles) long magnetic anomaly which coincides with known showings of magnetite, an ore of iron.

For the complete press release, click here.