This property currently includes two claim blocks consisting of 202 claims totalling about 22,000 acres.

Titan’s claims overlay a strong and pronounced geophysical magnetic anomaly typical of the iron formations of the Labrador trough in which it is located, the company said.

Traverses and survey lines will be run across the strike of the anomaly at points selected to coincide with magnetic highs.

According to the company, the Labrador trough is a region that is currently home to number of large producing iron mines.