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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-QSB

|[X]    | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ending JUNE 30, 2005
|------ | -------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                      
|       | OR                                                                                                                                   
|       |                                                                                                                                      
|[    ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                             

Commission file number 000-25515

MAVERICK MINERALS CORPORATION
(formerly known as, Pacific Cart Services Ltd.)(Exact name of registrant as specified in its charter)



|NEVADA                                                         | 88-0410480                          
|-------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.)

2501 Lansdowne Avenue
Saskatoon, Saskatchewan, Canada   S7J 1H3(Address of principal executive offices)

(306) 343-5799Registrant's telephone number including area code

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.   Yes [X]   No [X]

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PART I.   FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS



|MOEN AND COMPANY                                       
|-------------------------------------------------------
|CHARTERED ACCOUNTANTS                                  
|Member:                                                
|Canadian Institute of Chartered Accountants            
|Institute of Chartered Accountants of British Columbia 
|Institute of Management Accountants (USA) (From 1965)  
|                                                       
|Registered with:                                       
|Public Company Accounting Oversight Board (USA) (PCAOB)
|Canadian Public Accountability Board (CPAB)            
|Canada  - British Columbia Public Practice Licence     

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors 
Maverick Minerals Corporation  (A Nevada Corporation)
(An Exploration Stage Company)

We have reviewed the accompanying balance sheet of Maverick Minerals Corporation  (A Nevada Corporation) as of June 30, 2005, and the related statements of operations, retained earnings (deficit), cash flows and changes in stockholders'
 equity for the three month and six month periods ended June 30, 2005 and June 30, 2004.  These interim financial statements are the responsibility of the Company's management.

We conducted our reviews in accordance with the standards of the Public Company Accounting Oversight Board (United States).  A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters.  It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board, the objective of which is the expression of an opinion regarding the financial statements taken as a whole.  Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim financial statements for them to be in conformity with U.S. generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  As discussed in Note 1 to the financial statements, conditions exist which raise substantial doubt about the Company's ability to continue as a going concern unless it is able to generate sufficient cash flows to meet its obligations and sustain its operations.  Management's plans in regard to these matters are also described in Note 1.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.



|                                    | /s/ Moen and Company 
|----------------------------------- | ---------------------
|                                    | ("Signed")           
|Vancouver, British Columbia, Canada | Chartered Accountants
|August 4, 2005                      |                      

F-1

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|MAVERICK MINERALS CORPORATION                         
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|(A Nevada Corporation)                                
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|(An Exploration Stage Company)                        
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|Balance Sheets                                        
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|June 20, 2005                                         
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|(Expressed in U.S. Dollars)                           
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|(With Comparative Figures at December 31, 2004)       
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|ASSETS                                                
|Cash                                                  
|TOTAL CURRENT ASSETS                                  
|Fixed Assets (Note 2 (e))                             
|Equipment, at cost                                    
|                                                      
|NET FIXED ASSETS                                      
|TOTAL ASSETS                                          
|                                                      
|LIABILITIES AND STOCKHOLDERS' EQUITY                  
|Current Liabilities                                   
|Accounts payable and accrued liabilities              
|Loan payable (Note 7)                                 
|Management fees payable (Note 3)                      
|TOTAL CURRENT LIABILITIES                             
|Stockholders' Equity                                  
|Capital Stock                                         
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|Deficit, accumulated during the exploration stage     
|Convertible loan (Notes 7, 11)                        
|Cumulative currency translation adjustment (Note 2(b))
|TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                  
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY            
|                                                      
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|                                                      

The Accompanying Notes are an Integral Part of these Financial Statements

- 3 -

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|MAVERICK MINERALS CORPORATION               
|--------------------------------------------
|(A Nevada Corporation)                      
|(An Exploration Stage Company)              
|Statements of Operations                    
|(Expressed in U.S. Dollars)                 
|(Unaudited)                                 
|                                            
|                                            
|                                            
|                                            
|                                            
|                                            
|                                            
|Revenue                                     
|Cost of Good Sold                           
|Gross Margin                                
|                                            
|General and Administration Expenses         
|Audit fees                                  
|Amortization of deferred                    
|                                            
|Depreciation                                
|Equipment - Fuel & Lease                    
|Insurance                                   
|Accounting, legal, engineering & consulting,
|                                            
|Management fees                             
|Office expenses                             
|Repairs and maintenance                     
|Royalties                                   
|Telephone and utilities                     
|Transfer agent fees                         
|Travel expenses                             
|Wages and benefits                          
|Write off assets/liabilities(Note 10)       
|Total general and administration            
|expenses                                    
|Profit (Loss) for the period                
|Income taxes (Note 4)                       
|                                            
|Net Profit (Loss) for the Period            
|                                            











The Accompanying Notes are an Integral Part of These Financial StatementsF-3





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|                                         
|-----------------------------------------
|MAVERICK MINERALS CORPORATION            
|(A Nevada Corporation)                   
|(An Exploration Stage Company)           
|Statements of Retained Earnings (Deficit)
|(Expressed in U.S. Dollars)              
|                                         
|                                         
|                                         
|                                         
|                                         
|                                         
|                                         
|Balance, beginning of period             
|                                         
|Net Profit (Loss) for the Period         
|                                         
|Retained Earnings (Deficit)              
|End of Period                            
|                                         



















The Accompanying Notes are an Integral Part of These Financial StatementsF-4



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|MAVERICK MINERALS CORPORATION                    
|-------------------------------------------------
|(A Nevada Corporation)                           
|(An Exploration Stage Company)                   
|Statements of Cash Flows                         
|(Expressed in U.S. Dollars)                      
|(Unaudited)                                      
|                                                 
|                                                 
|                                                 
|                                                 
|                                                 
|Cash Provided by (Used for)                      
|Operating Activities                             
|Net Profit (Loss) for the period                 
|Items not requiring use of cash                  
|                                                 
|                                                 
|Changes in non-cash working capital items        
|                                                 
|                                                 
|                                                 
|                                                 
|Cash used for operating activities               
|                                                 
|Investing Activities                             
|                                                 
|Financing Activities                             
|Capital stock subscribed for cash                
|Notes payable                                    
|Loans payable                                    
|Loan from UCO Energy Inc.                        
|Cash derived from (used for) financing activities
|Increase (Decrease) in Cash                      
|During the Period                                
|Cash, Beginning                                  
|of the Period                                    
|                                                 
|Cash, End of Period                              
|                                                 



The Accompanying Notes are an Integral Part of These Financial Statements.F-5



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|MAVERICK MINERALS CORPORATION                         
|------------------------------------------------------
|(A Nevada Corporation)                                
|(An Exploration Stage Company)                        
|Statement of Stockholders' Equity                     
|For the Period From December 31, 2001 to June 30, 2005
|(Expressed in U.S. Dollars)                           
|(Unaudited)                                           
|                                                      
|                                                      
|                                                      
|                                                      
|                                                      
|Balance, December 31, 2001                            
|Shares issued for                                     
|debt - Cardinal                                       
|Shares issued for                                     
|consulting - Getty                                    
|Shares issued for cash                                
|Deferred compensation amortization                    
|Net loss for year ended December 31, 2002             
|Balance, December 31, 2002                            
|Shares issued for bonus                               
|Shares for services                                   
|Deferred compensation amortization                    
|Net loss for three month                              
|period ended March 30, 2003                           
|Balance, March 31, 2003                               
|Reverse split  1 : 5                                  
|on May 13, 2003                                       
|Shares issued May 14, 2003,                           
|advance for reverse takeover to be completed          
|in July 2003                                          
|Shares issued  July 8, 2003                           
|management fees                                       
|Deferred compensation amortization                    
|Cumulative currency translation adjustment            
|Net loss for year ended December 31, 2003             
|Balance, December 31, 2003                            
|Shares issued for cash                                
|in June 21, 2004                                      
|Deferred compensation amortization                    
|Net loss for year ended December 31, 2004             
|Balance, December 31, 2004                            
|Deferred compensation amortization                    
|Shares issued for cash                                
|in March 31, 2005                                     
|Cancellation of shares                                
|Net loss for six month                                
|period ended June 30, 2005                            
|                                                      
|Convertible loan (Note 11)                            
|Balance, June 30, 2005                                

The Accompanying Notes are an Integral Part of These Financial Statements.F-6



- 7 -

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|MAVERICK MINERALS CORPORATION    
|---------------------------------
|(A Nevada Corporation)           
|(An Exploration Stage Company)   
|Notes to the Financial Statements
|June 30, 2005                    
|(Expressed in U.S. Dollars)      
|(Unaudited)                      



|Note 1. | BUSINESS OPERATIONS AND CONTINUANCE OF OPERATIONS
|------- | -------------------------------------------------
|       
|        |                                                  
|       
|        |                                                  
|       
|        |                                                  
|       
|        |                                                  
|       
|Note 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES       
|       
|        |                                                  
|        |                                                  
|       
|        |                                                  
|        |                                                  
|        |                                                  
|        |                                                  

F-7



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|MAVERICK MINERALS CORPORATION    
|---------------------------------
|(A Nevada Corporation)           
|(An Exploration Stage Company)   
|Notes to the Financial Statements
|June 30, 2005                    
|(Expressed in U.S. Dollars)      
|(Unaudited)                      



|Note 2.                                                    | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'
d)
|---------------------------------------------------------- | ----------------------------------------------------
|                                                          
|                                                           |                                                     
|                                                           |                                                     
|Beginning balance, December 31, 2004 and December 31, 2003 | $                                                   
|Changes during the period                                  |                                                     
|Ending balance, June 30, 2005 and June 30, 2004            |                                                     
|                                                           |                                                     
|                                                           |                                                     
|                                                          
|                                                           |                                                     
|                                                          
|                                                           |                                                     
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|                                                           |                                                     
|                                                          
|                                                           |                                                     



| |                                                          |  |             | Six Months Ended June 30,
| | -------------------------------------------------------- |  | ----------- | -------------------------
| |                                                          |  | 2005        |                          
| | Basic weighted average shares                            |  | 26,377,208  | *                        
| | Effect of dilutive securities - Stock options (Note 10): |  |             |                          
| | Qualified plan                                           |  | 1,500,000   |                          
| | Non-qualified plan                                       |  | 3,000,000   |                          
| | Options granted and exercised                            |  | (1,165,000) |                          
| |                                                          |  | 3,335,000   |                          
| | Dilutive potential common shares                         |  | 30,212,208  |                          
| | Anti-Dilutive                                            |  | 26,377,208  |                          
| | Net Profit (Loss) per share - Basic                      |  | ($0.00)     |                          
| | Net Profit (Loss) per share - Diluted                    |  | ($0.00)     |                          



| |  | * | The above are after cancellations that total 54,379,318 common shares from its issued and outstanding share capital during the period ended June 30, 2005.  The cancellations were voluntarily, without compensation and were agreed to by 6 separate shareholders.
| |  | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

F-8



- 9 -

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|MAVERICK MINERALS CORPORATION    
|---------------------------------
|(A Nevada Corporation)           
|(An Exploration Stage Company)   
|Notes to the Financial Statements
|June 30, 2005                    
|(Expressed in U.S. Dollars)      
|(Unaudited)                      



|Note 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'
d)
|------- | ----------------------------------------------------
|       
|        |                                                     
|        |                                                     



|                         |   | June 30,
|------------------------ | - | --------
|                         |   | 2005    
|Equipment and plant      | $ | 24,662  
|Accumulated depreciation |   | (24,662)
|                         | $ | -       



| |  | (f) | Stock-Based Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |     | Effective January 1, 2003, the Company adopted SFAS No. 123, A
Accounting for Stock-Based Compensation.@
  Stock-based compensation newly issued in 2003 to employees is expensed in accordance with the fair value based method of accounting.  The fair value of equity instruments issued to employees is measured on the date of grant and recognized as compensation expense over the applicable vesting period.  The Company estimates the fair value of stock options using a Black-Scholes option valuation model.  No stock option have been granted since January 1, 2003; accordingly no stock-based compensation has been expensed for the quarter ended June 30, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|
| |  | (g) | Segment Reporting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| |  |     | SFAS No.131, A
Disclosures about Segments of an Enterprise and Related Information,@
 establishes standards for a public company to report financial and descriptive information about its reportable operating segments in annual and interim financial reports.  Operating segments are components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker in deciding how to allocate resources and evaluate performance.  Two or more operating segments may be aggregated into a single operating segment provided aggregation is consistent with objective an basic principles of SFAS No.131, if the segments have similar economic characteristics, and the segments are considered similar under criteria provided by SFAS No.131. SFAS No.131 also establishes standards and related disclosures about the way the operating segments were determined, products and services, geographic areas and major customers, differences between the measurements used in reporting segment information and those used in the Company'
s general-purpose financial statements, and changes in the measurement of segment amounts from period to period.

F-9

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|MAVERICK MINERALS CORPORATION    
|---------------------------------
|(A Nevada Corporation)           
|(An Exploration Stage Company)   
|Notes to the Financial Statements
|June 30, 2005                    
|(Expressed in U.S. Dollars)      
|(Unaudited)                      

Note 2.     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'
d)



| | June 30, 2005                |                                | Canada    |   | U.S.        |   | Total    
| | ---------------------------- | ------------------------------ | --------- | - | ----------- | - | ---------
| | Current assets               | $                              | -         | $ | 21          | $ | 21       
| | Net fixed assets             |                                | -         |   | -           |   | -        
| | Total Assets                 | $                              | -         | $ | 21          | $ | 21       
| |                              | Six Months Ended June 30, 2005 |           |   |             |   |          
| | Revenue                      | $                              | -         |   | -           |   | -        
| | Cost of good sold            |                                | -         |   | -           |   | -        
| | Administration costs         |                                | 109,137   |   | -           |   | 109,137  
| | Net (loss) for the year      | $                              | (109,137) | $ | -           | $ | (109,137)
| |                             
| | December 31, 2004            |                                | Canada    |   | U.S.        |   | Total    
| | Current assets               | $                              | 25,025    | $ | -           | $ | 25,025   
| | Net fixed assets             |                                | -         |   | -           |   | -        
| | Total Assets                 | $                              | 25,025    | $ | -           | $ | 25,025   
| | Year Ended December 31, 2004 |                                |           |   |             |   |          
| | Revenue                      | $                              | 1,249     |   | -           |   | 1,249    
| | Cost of good sold            |                                | (1,100)   |   | -           |   | (1,100)  
| | Administration costs         |                                | (65,358)  |   | 1,089,498   |   | 1,024,140
| | Net (loss) for the period    | $                              | (65,209)  | $ | (1,089,498) | $ | 1,024,289



|June 30, 2004           |                                | Canada    |   | U.S.   |   | Total    
|----------------------- | ------------------------------ | --------- | - | ------ | - | ---------
|Current assets          | $                              | -         | $ | 40,983 | $ | 40,983   
|Net fixed assets        |                                | -         |   | -      |   | -        
|Total Assets            | $                              | -         | $ | 40,983 | $ | 40,983   
|                        | Six Months Ended June 30, 2004 |           |   |        |   |          
|Revenue                 | $                              | -         |   | -      |   | -        
|Cost of good sold       |                                | -         |   | -      |   | -        
|Administration costs    |                                | 221,790   |   | -      |   | 221,790  
|Net (loss) for the year | $                              | (221,790) | $ | -      | $ | (221,790)



F-10

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|MAVERICK MINERALS CORPORATION    
|---------------------------------
|(A Nevada Corporation)           
|(An Exploration Stage Company)   
|Notes to the Financial Statements
|June 30, 2005                    
|(Expressed in U.S. Dollars)      
|(Unaudited)                      



|Note 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'
d)
|------- | ----------------------------------------------------
|       
|        |                                                     
|       
|        |                                                     
|       
|Note 3. | RELATED PARTY TRANSACTIONS                          
|       
|        |                                                     
|       
|Note 4. | INCOME TAXES                                        
|       
|        |                                                     

F-11



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|MAVERICK MINERALS CORPORATION    
|---------------------------------
|(A Nevada Corporation)           
|(An Exploration Stage Company)   
|Notes to the Financial Statements
|June 30, 2005                    
|(Expressed in U.S. Dollars)      
|(Unaudited)                      

Note 4.     INCOME TAXES (cont'd)



|                        |  |   |             | June 30, 2005 |             | December 31, 2004
|----------------------- |  | - | ----------- | ------------- | ----------- | -----------------
|Deferred tax assets     |  | $ | 1,110,185   | $             | 1,078,349  
|Valuation allowance     |  | $ | (1,110,185) | $             | (1,078,349)
|Net deferred tax assets |  | $ | -           | $             | -          

A reconciliation between the statutory federal income tax rate and the effective income rate of income tax expense for period ended June 30, 2005 and June 30, 2004 is as follows:



|                                  |  |  |  |        |       | 2005   |       | 2004
|--------------------------------- |  |  |  | ------ | ----- | ------ | ----- | ----
|Statutory federal income tax rate |  |  |  | -34.0% |       | -34.0%
|Valuation allowance               |  |  |  |        | 34.0% |        | 34.0%
|Effective income tax rate         |  |  |  | 0.0%   |       | 0.0%  



|Note 5. | PENSION AND EMPLOYMENT LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                         
|------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|        | The Company does not have any liabilities as at June 30, 2005 for pension, post-employment benefits or postretirement benefits.  The Company does not have a pension plan.                                                                                                                                                                                                                                                                                                 
|       
|       
|Note 6. | FINANCIAL INSTRUMENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|        | The Company's financial instruments consist of cash and current liabilities.  It is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.  The fair value of these financial statements approximates their carrying values.  The Company does not have any off-balance sheet debt.                                                                                              
|       
|Note 7. | LOANS PAYABLE                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|       
|        | The Company has a loan payable of $311,400 to Pride of Aspen Associates LLC.  This amount is unsecured, bears no interest, with no specific terms of repayment, and is disclosed as a current liability.                                                                                                                                                                                                                                                                   
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|        | On April 27, 2005, the Company entered into a Loan Agreement with Mr. Alonzo B. Leavell who agreed to loan $49,000 to the Company.   Mr. Leavell subsequently elected, at his sole discretion to convert all of the outstanding amount of the loan into common shares of the Company at a conversion rate of $0.06 per share, by the issuance of 816,667 common share, (see Note 11) and accordingly this loan is recorded as a separate category in stockholders'
 equity.
|       
|Note 8. | COMPENSATION/DEFERRED COMPENSATION                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       
|        | Shares had been issued that gave rise to compensation expense.  This compensation is amortized over a five year period.  Details of compensation expense and deferred compensation are as follows:                                                                                                                                                                                                                                                                         

F-12



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|MAVERICK MINERALS CORPORATION    
|---------------------------------
|(A Nevada Corporation)           
|(An Exploration Stage Company)   
|Notes to the Financial Statements
|June 30, 2005                    
|(Expressed in U.S. Dollars)      
|(Unaudited)                      



|                                                |                                          |   |              |           |          |      |        | Deferred     
|----------------------------------------------- | ---------------------------------------- | - | ------------ | --------- | -------- | ---- | ------ | -------------
|                                                |                                          |   |              |           |          |      |        | Compensation 
|                                                |                                          |   |              |           |          |      |        | Expense      
|                                                |                                          |   |              |           | Deferred |      |        | Quarter Ended
|                                                |                                          |   |              |           | Portion  |      |        | June 30,     
|                                                | Total                                    |   | Compensation | 6/30/2005 |          | 2005 |        | 2004         
|a)                                              | 2,000,000 common shares issued as a      |   |              |           |          |      |        |              
|                                                | finder's fee to Robert Kinloch, a        |   |              |           |          |      |        |              
|                                                | director and officer of the Company at   |   |              |           |          |      |        |              
|                                                | a price of $0.05 per share               | $ | 100,000      | $         | --       | $    | --     | $            
|b)                                              | 5,000,000 common shares subscribe        |   |              |           |          |      |        |              
|                                                | by James Oste, a director and officer of |   |              |           |          |      |        |              
|                                                | the Company at a cash price of $0.01     |   |              |           |          |      |        |              
|                                                | per share for a total of $50,000 giving  |   |              |           |          |      |        |              
|                                                | rise to compensation at $0.04 per        |   |              |           |          |      |        |              
|                                                | share, or $200,000                       |   | 200,000      |           | --       |      | --     |              
|c)                                              | 250,000 common shares issued for         |   |              |           |          |      |        |              
|                                                | consulting services to David Glass       |   |              |           |          |      |        |              
|                                                | at a price of $0.05 per share            |   | 2,500        |           | --       |      | --     |              
|d)                                              | 3,000,000 common shares exercised        |   |              |           |          |      |        |              
|                                                | on stock options                         |   | 117,000      |           | 1,021    |      | 16,587 |              
|e)                                              | 3,000,000 common shares exercised        |   |              |           |          |      |        |              
|                                                | on stock options at a cash price of      |   |              |           |          |      |        |              
|                                                | $0.001 per share giving rise to          |   |              |           |          |      |        |              
|                                                | compensation of $0.059 per share or      |   |              |           |          |      |        |              
|                                                | $177,000                                 |   | 177,000      |           | 109,547  |      | 2,213  |              
|                                                |                                          | $ | 596,500      | $         | 110,568  | $    | 18,800 | $            
|Deferred Compensation Expensed to June 30, 2005 |                                          | $ | 485,932      |           |          |      |       
|                                                |                                          |   |              | $         | 596,500  |      |        |              



|Note 9. | STOCK OPTION PLANS
|------- | ------------------
|       
|        |                   

F-13



- 14 -

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|MAVERICK MINERALS CORPORATION    
|---------------------------------
|(A Nevada Corporation)           
|(An Exploration Stage Company)   
|Notes to the Financial Statements
|June 30, 2005                    
|(Expressed in U.S. Dollars)      
|(Unaudited)                      



|Note 10. | Disposition of Subsidiary Operations
|-------- | ------------------------------------
|        
|         |                                     



|                             |                                   |             |             | 2004    |           | 2003    |         | 2002   |          | 2001      |             | Total
|---------------------------- | --------------------------------- | ----------- | ----------- | ------- | --------- | ------- | ------- | ------ | -------- | --------- | ----------- | -----
|Written offs during the year |                                   |             |             |         |           |         |         |        |          |          
|                             | Notes payable / receivable        | $           |             | $       | 7,142     | $       |         | $      | (21,840) | $         | (14,698)   
|                             | Loans payable / receivable        |             |             |         |           |         |         |        | 109,212  |           | 109,212    
|                             | Fixed assets and leases           |             |             |         | (84,688)  |         |         |        |          |           | (84,688)   
|                             | Divestiture of assets             |             |             |         | (658,165) |         | 691,979 |        |          |           | 33,814     
|                             | Goodwill                          |             |             |         | 993,808   |         |         |        |          |           | 993,808    
|                             | Intercompany liabilities / assets |             | (1,388,286) |         |           |         |         |        |          |           | (1,388,286)
|Total                        | $                                 | (1,388,286) | $           | 258,097 | $         | 691,979 | $       | 87,372 | $        | (350,838)
|                             |                                   |             |             |         |           |         |         |        |          |           |             |      



|Note 11. | Subsequent Events
|-------- | -----------------
|        
|         |                  





















F-14

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ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS.

This section of this report includes a number of forward- looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our predictions.

Overview

The Company is considered to be an exploration stage enterprise, as its principal operations have not yet produced significant revenue. We were previously involved in the business of coal reclamation in southern Illinois.  Our principal operation was recovering surface coal from an underground mining site that had ceased operation in 1991.  Due to the inability to run this business at a profit, our default status with respect to our equipment leases, and the difficulty in attracting additional capital on terms favorable to existing shareholders, we ceased operation of this business in the fourth fiscal quarter of 2003 and disposed of our subsidiary company for nominal consideration.

Corporate History

Our Company, Maverick Minerals Corporation, was incorporated in the State of Nevada on August 27, 1998, under the name Pacific Cart Services Ltd.  On May 23, 2001, the Company changed its direction to the energy and mineral resource fields, as an exploration stage company. The company adopted a Director's Resolution, dated February 15th 2002, to change its name to Maverick Minerals Corporation.

Commencing on June 21, 1999 our common shares have been continuously quoted for trading on the OTCBB and are presently trading under the symbol "MVRM".

On May 22, 2003 Maverick Minerals Corporation consolidated its share capital at a ratio of one new common share for every five old common shares.

During the second quarter of 2005, certain shareholders agreed to cancel 54,379,318 common shares of the corporation, voluntarily and without compensation, pursuant to the cessation of the company's coal reclamation business in southern Illinois.

Plan of Operation

We are engaged in the acquisition of energy and resource properties. We are a start-up, exploration stage Corporation and have not yet generated or realized any revenues from our business operations.



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It is unlikely that the Company can continue as an on-going business for the next twelve months unless it obtains additional capital to pay its bills. This is because the Company has not generated any revenues and no revenues are anticipated until the Company acquires an energy or resource property.

To meet its need for cash the Company is attempting to raise money from third parties. At the present time, the Company has not made any arrangements to raise additional cash. If we need additional cash and cannot raise it we will either have to suspend operations until we do raise the cash, or cease operations entirely. Other than as described in this paragraph, we have no other financing plans.

Currently the Company owns no properties and accordingly has no exploration or development plans. The Company needs to raise additional capital, acquire an interest in an energy or resource property. There is no assurance that the Company will ever have the money to do so.

If the Company cannot raise money, it will have to cease or suspend operations. If it ceases operations, it does not know what it will do and its does not have any plans to do anything else.

Limited operating history; need for additional capital

There is no historical financial information about the Company upon which to base an evaluation of its future performance. Our past performance indicates failure. The Company cannot guarantee it will be successful in its business operations.

The company is actively seeking a suitable investment in the energy and resource sector.  If we find a suitable investment we will need to develop the property and bring it to revenue generation and profitability in order to succeed.  Historically, the chances of doing this are miniscule.

To accomplish the foregoing object, the Company must raise money. The Company has no assurance that future financing will be available or if available it will be on acceptable terms. If financing is not available on satisfactory terms, the Company may be unable to continue its operations.

Most recently, the Company relies on loans from Shareholders to maintain operations. From time to time these loans are converted to equity. Details of these conversions can be found in the notes accompanying our Financial Statements.

Results of Operations

The Company generated no revenue in the Second Quarter.  Total Stockholders' Equity is in Deficit at ($336,549.00).  Management fees for the three Months ended June 30, 2005 were $18,750.00 which constituted the largest cash expense of the Corporation.  Travel expenses were $8,096.00 for the same period.  Total general and administration expenses were 66,646.00 for the period covered by this report.



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ITEM 3.     CONTROLS AND PROCEDURES

(a) 	Evaluation of Disclosure Controls and Procedures:  Disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in the reports filed under the Exchange Act is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. As of the end of the period covered by this report, the Company carried out an evaluation, under the supervision and with the participation of the Company's management, including the Company's Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company's disclosure controls and procedures. Based upon and as of the date of that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company's disclosure controls and procedures are effective to ensure that information required to be disclosed in the reports the Company files and submits under the Exchange Act is recorded, processed, summarized and reported as and when required.

(b) 	Changes in Internal Control over Financial Reporting:  There were no changes in the Company's internal control over financial reporting identified in connection with the Company evaluation of these controls as of the end of the period covered by this report that could have significantly affected those controls subsequent to the date of the evaluation referred to in the previous paragraph, including any correction action with regard to significant deficiencies and material weakness.

PART II - OTHER INFORMATION

ITEM 6.     EXHIBITS



| | Exhibits | Item Description                                                                                                                                                                               
| | -------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |          |                                                                                                                                                                                                
| | 15.1     | Awareness Letter on Unaudited Interim Financial Information                                                                                                                                    
| |          |                                                                                                                                                                                                
| | 31.1     | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-15 and Rule 15d-15(a), promulgated under the Securities and Exchange Act of 1934, as amended.
| |          |                                                                                                                                                                                                
| | 32.1     | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer Chief Financial Officer).                      











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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereto duly authorized.

Dated this 15th day of August, 2005.



|                                               | MAVERICK MINERALS CORPORATION
|---------------------------------------------- | -----------------------------
|(formerly known as Pacific Cart Services Ltd.)
|(Registrant)                                  
|                                               |                              
|                                               | BY:                          
|                                               |                              

























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