Labrador Trough News: Globex Mining gets iron ore property

Globex Mining (GMX -TSX) announced that it has signed an Option Agreement with Titan Iron Ore Corp wherein Titan may earn 100% interest in a Globex, Labrador trough area iron exploration property in Northern Quebec.   The property consists of 200 claims totaling approximately 22,635 acres and covers a 32 kilometer long magnetic anomaly which coincides with known showings of magnetite, an ore of iron. Entire press release here.