==================================================================================

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 MARCH 31, 2003
|----- | --------------------------------------------------------------------------------------------------------------------------------------
|[   ] | 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(State or other jurisdiction of incorporation or organization) |  | 88-0410480(I.R.S. Employer Identification No.)
|-------------------------------------------------------------------- |  | ----------------------------------------------

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

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

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.

The number of common shares without par value outstanding on March 31, 2003 was 20,878,250 shares.

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PART I.

ITEM 1.       FINANCIAL STATEMENTS

MOEN AND COMPANY
CHARTERED ACCOUNTANTS



|Securities Commission Building
PO Box 10129
Suite 1400 - 701 West Georgia Street
Vancouver, British Columbia
Canada V7Y 1C6 | Telephone: Fax:
Email: | (604)662-8899
(604)662-8809
moenandcompany@attcanada.net
|--------------------------------------------------------------------------------------------------------------------------- | ---------------------- | --------------------------------------------------------

INDEPENDENT ACCOUNTANT'S REVIEW REPORT

To the Directors of
Maverick Minerals Corporation  (A Nevada Corporation)
Formerly Pacific Cart Services Ltd. 
(An Exploration Stage Company)

We have reviewed the accompanying Consolidated Balance Sheets of Maverick Minerals Corporation (An Exploration Stage Company) (Formerly Pacific Cart Services Ltd.) as of March 31, 2003 and March 31, 2002, and the related Consolidated Statements of Income, Retained Earnings (Deficit), Cash Flows and Shareholder's Equity for the three month periods then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of Maverick Minerals Corporation.

A review consists principally of inquiries of company personnel and analytical procedures applied to financial data.  It is substantially less in scope than an examination in accordance with generally accepted auditing standards, 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.

On the basis of our review, we are not aware of any material modifications that should be made to the accommpanying financial statements in order for them to be in conformity with U.S. generally accepted accounting principles.

|Vancouver, British Columbia, Canada |  |  |  | /s/ Moen and Company 
|----------------------------------- |  |  |  | ---------------------
|May 1, 2003                         |  |  |  | Chartered Accountants

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|MAVERICK MINERALS CORPORATION                          
|-------------------------------------------------------
|Formerly Pacific Cart Services Ltd.                    
|(A Nevada Corporation)                                 
|(An Exploration Stage Company)                         
|Consolidated Balance Sheet                             
|March 31, 2003                                         
|(Expressed in U.S. Dollars)                            
|(With Comparative Figures at March 31, 2002)           
|                                                       
|                                                       
|                                                       
|Current Assets                                         
|                                                       
|                                                       
|                                                       
|Mining & Exploration Property (Note 2(f) (i))          
|Fixed Assets, at cost(Note 2(e))                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|Current Liabilities                                    
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|Long-Term Debt                                         
|                                                       
|                                                       
|Stockholders' Equity                                   
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|Approved on Behalf of the Board                        
|                                                       
|See Accompanying Notes and Independent Auditors' Report

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|MAVERICK MINERALS CORPORATION                           
|--------------------------------------------------------
|Formerly Pacific Cart Services Ltd.                     
|(A Nevada Corporation)                                  
|(An Exploration Stage Company)                          
|Consolidated Statement of Income                        
|(Expressed in U.S. Dollars)                             
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|Revenue                                                 
|                                                        
|General and Administration Expenses                     
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|Total administration expenses                           
|Profit (Loss) for the period                            
|Income taxes                                            
|Net Profit (Loss) for the Period                        
|Net Profit (Loss) Per Common Share                      
|                                                        
|                                                        
|Average Number of Common Shares Outstanding             
|                                                        
|                                                        
|Balance, beginning of period                            
|Net Profit(Loss) for the Period                         
|Retained Earnings (Deficit)                             
|See Accompanying Notes and Independent Auditor's Report.

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|MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Statement of Stockholders' Equity
For the Period From Date of Inception on August 27, 1998 to March 31, 2003
(Expressed in U.S. Dollars)
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                
|Oct. 5, 98                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                
|Oct. 5, 98                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                
|Dec. 7, 98                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                
|Deferred compensation                                                                                                                                                                                                                                           
|Deferred compensation amortization                                                                                                                                                                                                                              
|Net loss for the period                                                                                                                                                                                                                                         
|Balance, December 31, 1988                                                                                                                                                                                                                                      
|Feb. 2, 99                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                
|Feb. 3, 99                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                
|Jun. 15, 99                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                
|Deferred compensation                                                                                                                                                                                                                                           
|Dec 3, 99                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                
|Deferred compensation amortization                                                                                                                                                                                                                              
|Net loss for year ended December 31, 1999                                                                                                                                                                                                                       
|Balance, December 31,1999                                                                                                                                                                                                                                       
|January 2000 shares for assets of                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                
|Mar 8, 2000 shares issued for consulting fees                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                
|Sep 30, 00                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                
|Deferred compensation amortization                                                                                                                                                                                                                              
|Shares returned to treasury on cancellation of                                                                                                                                                                                                                  
|deal with Mr. Tube Steak Canada Inc.                                                                                                                                                                                                                            
|Cumulative Currency Translation Adjustment                                                                                                                                                                                                                      
|Net loss for year ended December 31, 2000                                                                                                                                                                                                                       
|Balance, December 31, 2000                                                                                                                                                                                                                                      
|Deferred compensation amortization                                                                                                                                                                                                                              
|August 31, 2001 reduction shares issued - net                                                                                                                                                                                                                   
|Shares issued for notes payable - Rod Mancini                                                                                                                                                                                                                   
|Shares issued for consulting fees CPM                                                                                                                                                                                                                           
|Group @ $0.10                                                                                                                                                                                                                                                   
|Shares issued for purchase AMT Canada Inc.,                                                                                                                                                                                                                     
|acquired by wholly owned subsidiary                                                                                                                                                                                                                             
|Shares subscribed                                                                                                                                                                                                                                               
|Shares issued for legal fees Fogler                                                                                                                                                                                                                             
|Rubinoff LLP                                                                                                                                                                                                                                                    
|Shares issued for Steven Duff - travel expenses                                                                                                                                                                                                                 
|at $0.07 per share                                                                                                                                                                                                                                              
|Net loss for year ended December 31, 2001                                                                                                                                                                                                                       
|Cumulative currency translation adjustment                                                                                                                                                                                                                      
|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 period ended March 31, 2003                                                                                                                                                                                                                        
|Balance, March 31, 2003                                                                                                                                                                                                                                         
|See Accompanying Notes and Independent Auditors' Report                                                                                                                                                                                                         



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|MAVERICK MINERALS CORPORATION                           
|--------------------------------------------------------
|Formerly Pacific Cart Services Ltd.                     
|(A Nevada Corporation)                                  
|(An Exploration Stage Company)                          
|Consolidated Statement of Cash Flows                    
|(Expressed in U.S. Dollars)                             
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|Cash Provided by (Used for)                             
|Operating Activities                                    
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|Investing Activities                                    
|                                                        
|Financing Activities                                    
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|                                                        
|Increase  in Cash During the Period                     
|Cash (Overdraft), Beginning of the Period               
|                                                        
|Cash, End of Period                                     
|                                                        
|See Accompanying Notes and Independent Auditor's Report.



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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

Note 1.       BUSINESS OPERATIONS

a)       The Company date of incorporation and inception was on August 27, 1998 under the Company Act of the State of Nevada, U.S.A. to pursue opportunities in the business of franchising fast food distributor systems.  On May 23, 2001, the Company changed its direction to the energy and mineral resource fields, as an exploration stage company.

b)       The Company adopted a Directors' Resolution, dated February 15, 2002, to amend the original activities of the company by changing its name to Maverick Minerals Corporation.

c)       The Company is considered to be an exploration stage enterprise, as its principal operations have not yet commenced and have not yet produced revenue.

Note 2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a)       Administration Costs

Administration costs are written off to operations when incurred.

b)       Translation of Foreign Currency

The functional currency and the reporting currency is the United States Dollar.

Monetary assets and liabilities are translated at the current rate of exchange.

The weighted average exchange rate for the period is used to translate revenue, expenses, and gains or losses from the functional currency to the reporting currency.

The gain or loss on translation is reported as a separate component of stockholders' equity and is not recognized in net income.  Gains or losses on remeasurement are recognized in current net income.

Gains or losses from foreign currency transactions are recognized in current net income.

Fixed assets are measured at historical exchange rates that existed at the time of the transaction.

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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

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

b)       Translation of Foreign Currency

Depreciation is measured at historical exchange rates that existed at the time the underlying fixed asset was acquired.

Capital accounts are translated at their historical exchange rates when the capital stock is issued.

The effect of exchange rate changes on cash balances is reported in the statement of cash flows as a separate part of the reconciliation of change in cash and cash equivalents during the year.

An analysis of the changes in the cumulative currency translation adjustment account, as disclosed as part of stockholders' equity, is as follows:



| | 2002                                                       |   | 2001   
| | ---------------------------------------------------------- | - | -------
| | Beginning balance, December 31, 2002 and December 31, 2001 | $ | (9,302)
| | Changes during the Period                                  |   | --     
| | Ending balance, March 31, 2003 and 2002                    | $ | (9,302)

c)       Basis of Presentation

These financial statements are prepared in accordance with United States of America Generally Accepted Accounting Principles (GAAP).

d)       Net Loss Per Share

Net loss per common share is computed by dividing the net loss by the weighted average number of shares outstanding during the period.



F-7



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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

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

e)       Fixed Assets / Depreciation

The company depreciates its fixed assets at 20% per annum on a straight-line basis.



| | March 31,
| | ---------
| | 2003     
| |          
| |          
| |          
| |          
| |          

f)       Mining Properties and Exploration Costs

Exploration costs and costs of acquiring mineral properties are charged to earnings in the year in which they are incurred, except where these costs relate to specific properties for which economically recoverable resources are estimated to exist, in which case they are capitalized.

Mining properties are, upon commencement of production, amortized over the estimated life of the orebody to which they relate or are written off if the property is abandoned or if there is considered to be a permanent impairment in value.

Investments in Mining Properties

Investments in mining properties over which the company has significant influence but not joint control are accounted for using the equity method.



F-8

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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

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

Site Restoration and Post Closure Costs

Expenditures related to ongoing environmental and reclamation activities are expensed, as incurred, unless previously accrued.

Provisions for future site restoration and reclamation and other post closure costs in respect of operating facilities are charged to earnings over the estimated life of the operating facility, commencing when a reasonably definitive estimate of the cost can be made.

g)       Environment Remedial Liability

SOP 96-1 provides accounting guidance for environmental remedial liabilities.  The Company does not own any properties that are subject to environmental remedial liabilities.  The wholly owned subsidiary, Gretna Capital Corporation, has a wholly owned subsidiary, AMT Canada Inc., that has mineral resource properties in the Yukon Territory, Canada, that have no mineral resource operational activity during the period from date of acquisition of the subsidiary, on November 6, 2001, to September 30, 2002, and accordingly, management is not aware of any known environmental remedial liabilities as at September 30, 2002.  SOP 96-1 is intended to provide guidance for "clean-up" activities rather than preventative or other activities.

h)       Environmental Remediation Costs

AMT Canada Inc. accrues losses associated with environmental remediation obligations when they are probable and reasonably estimable, which usually is no later than the time of completion of the remedial feasibility study.  These accruals are adjusted as additional information is available or if circumstances change.  Costs of future expenditures for environmental remediation obligations are not discounted to their present value.  Expected recoveries of environmental remediation costs from other parties are recognized as assets when their receipt is judged to be probable.



F-9

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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

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

i)       Consolidation

The Company has a Canadian wholly-owned subsidiary, Gretna Capital Corporation ("GRETNA"), which was activated on November 6, 2001.  Accordingly, these financial statements are disclosed on a consolidated basis.

On November 6, 2001, the Gretna Capital Corporation entered into an agreement with the vendor, Advanced Mineral Technology Inc. ("Advanced"), a Nevada Corporation, to Purchase 100% of the outstanding common shares of its wholly-owned subsidiary company, AMT Canada Inc., a Yukon Company that was incorporated on May 17, 2001 under the business corporation Act of Yukon.  The Company made the purchase through its wholly owned subsidiary, Gretna Capital Corporation, an Alberta Company with a closing date of November 15, 2001.

The purchase price of $2,882,092 was satisfied as follows:

As to the sum of $600,000.00 (six Hundred Thousand Dollars) by the issuance of 3,000,000 common shares issued from treasury at a value of $0.20 per share as follows.

Two million shares to be delivered to the Vendor on closing.

One million shares to be delivered on the closing date to an escrow option to be applied.  The escrow shall provide for the release of these shares to the vendor provided that, Mr. H. Philip cash remains executive officer of AMT Canada Inc. in a period of net loss that six months following the closing date.

The underlying debt of AMT Canada Inc. totals $2,282,092 incurred by that company pursuant to a vesting order granted by the Yukon Supreme Court on September 6, 2001.  The vesting order effected the transfer of all the assets of United Keno Hill Mines Ltd. of Toronto, Canada, to AMT Canada Inc.  $15,848 ($25,000Cdn) was paid and the payable balance is $2,266,244, due as follows:



| |   | December 31, 2002 | $ | 675,119  
| | - | ----------------- | - | ---------
| |   | December 31, 2003 |   | 1,591,125
| | $ | 2,266,244        



F-10

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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

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

The court orders that the purchase price shall be paid and credited as follows:

a)       the sum of $15,848 ($25,000Cdn) which was paid into Court by the Purchase to the credit of this Proceeding, in May 8, 2001;

b)       the purchaser shall pay an additional $675,119 ($1,050,000Cdn) into Court to the credit of this Proceeding, on or before December 31, 2002 and the balance of the purchase price, plus applicable GST on the payment made up to that point in time, into Court to the credit of this Proceeding on or before December 31, 2003.

The Assets and the right, title, interest, property claims and demands of the Respondents and any other person or corporation relating to the Assets shall hereby immediately vest in AMT Canada Inc. and its successors and assigns forever free from all claims, charges, liens and encumbrances whatsoever existing as at the date of purchase by AMT Canada Inc.

The security Increases as it relates to the Environmental Remediation Allowance shall be subordinated in the event that such subordination is a condition to the completion of an equity or bank financing in the principal amount of $1,000,000Cdn or more, in relation to the Assets.

Assets and liabilities of AMT Canada Inc. at the date of purchase on November 6, 2001, are as follows:



|Assets                           
|---------------------------------
|                                 
|                                 
|Mining and exploration properties
|Capital Assets                   
|                                 
|                                 



F-11



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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

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



|Liabilities |                                                                                                             |                  
|----------- | ----------------------------------------------------------------------------------------------------------- | -----------------
|            | Accounts payable
Due to Energold Minerals Inc.
Agreement payable - Supreme Court of Yukon Territory, Canada | $                
|            |                                                                                                             | TOTAL LIABILITIES
|NET ASSETS  | $                                                                                                           | 615,848          
|Paid by     |                                                                                                             |                  
|            | (1) cash deposit ($25,000Cdn) 
(2) issuance of 3,000,000 shares @ $0.20 per share                           | $                
|            |                                                                                                             | $                

AMT Canada Inc., by its Articles of Incorporation is authorized to issue an unlimited number of common shares without par value.  Four common shares in the capital of the Company were subscribed for the price of $1.00 per share on May 17, 2001, by Advanced Mineral Technology Inc., representing 100% of the shares outstanding of AMT Canada Inc. and these shares have been transferred to Gretna on the date of the acquisition.

On February 14, 2003, the Supreme Court of the Yukon Territory ordered AMT Canada Inc. to be divested of its mining claims and assets at Elsa, Yukon.  The action completes a full divestiture of assets purchased by AMT in September 2001 and comes 45 days after AMT defaulted on the terms of its purchase agreement.  (see Note 11 Subsequent Events)

Note 3.       RELATED PARTY TRANSACTIONS:

The loans to related parties are comprised of the following as at March 31, 2003:



| | Robert J. Kinloch | $ | 43,830 
| | ----------------- | - | -------
| | H. Phillip Cash   |   | 245,924
| |                   | $ | 289,754



F-12



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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

Note 3.       RELATED PARTY TRANSACTIONS (cont'd)

These loans are unsecured, bear no interest and have no specific terms of repayment.

b)	On January 8, 2002 and pursuant to the employment agreement disclosed in Note 6, Robert Kinloch, President and Chief Executive Officer of the Company voluntarily reduced his compensation per year due in 2002 from $150,000 to $50,000.  Management fees of $62,500 are expensed in these financial statements.  This amount is unpaid and is disclosed in current liabilities at March 31, 2003.  He was granted qualified stock options to purchase 1,000,000 common shares of the Company's stock at $0.10 per share, on January 8, 2002, representing 120% of the closing stock price on the date of the grant.

Note 4.       INCOME TAXES

The Company has losses that total $2,845,410 for income tax purposes that may be carried forward to be applied against future taxable income.  The benefit of a potential reduction in future income taxes has not been recorded as an asset at March 31, 2003 as it is reduced to nil by a valuation allowance, due to uncertainty of application of losses.

Note 5.       EMPLOYMENT AGREEMENT

An Employment Agreement dated March 15, 1999 was entered into by the Company for a five year period from January 1, 1999 to December 31, 2003, as follows:

i)       Robert Kinloch, to be employed as Executive Vice-President, Chief Operating Officer, and Director of the Company commencing at $22,000 per year and increased by resolution to $150,000 per year effective January 1, 2000.  Mr. Kinloch, Chairman, President and Chief Operating Officer.  Unpaid compensation as at December 31, 2001 of $267,930 relating to this employment agreement has been cancelled as at December 31, 2001.  On January 8, 2002, compensation was reduced to $50,000 per year.

ii)       for the above agreement, subsequent year compensation is to be negotiated prior to commencement of a new year.  The compensation has remained unchanged for 2001 from the increased amounts as disclosed in (i), above.  Additional compensation is as follows:

-       reimbursement of all out-of-pocket expenses payable or incurred by the employee in
-       connection with his duties under the agreement



F-13



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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

Note 5.       EMPLOYMENT AGREEMENT (cont'd)

-       all reasonable travelling expenses incurred by the employee in the course of his duties
-       six weeks paid vacation
-        club membership not to exceed $1,000
-       stock option package to be negotiated during the first year of employment

Note 6.       COMPENSATION/DEFERRED COMPENSATION

Shares have been issued that give rise to compensation expense.  This compensation is amortized over a five year period.  Details of compensation expense and deferred compensation are as follows:

|     | Total                                                                                                                                                                                                         | Compensation | Deferred
Portion
03/31/2003 | Expense
Period Ended
March 31,
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------ | --------------------------- | ------------------------------
|2003 | 2002                                                                                                                                                                                                         
|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 subscribed 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                     |                               
|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                     |                               
|     |                                                                                                                                                                                                               | $            | 596,500                     | $                             



F-14



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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

Note 7.       PENSION AND EMPLOYMENT LIABILITIES

The Company does not have any liabilities as at March 31, 2003 for pension, post-employment benefits or postretirement benefits.  The Company does not have a pension plan.

Note 8.       FINANCIAL INSTRUMENTS

The Company's financial instruments consist of current liabilities and long term debt.  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 9.       NOTES PAYABLE

The company has the following unsecured demand promissory notes payable as at March 31, 2003 with interest accrued at 9% per annum.  There are no specific terms of repayment for these notes payable.



|                                                            |   | Principal                   |  | Accrued to
March 31, 2003 |  | Balance 
March 31, 2003    
|----------------------------------------------------------- | - | --------------------------- |  | ------------------------- |  | ---------------------------
|Mallard Construction
Terry Yates
Myles Haverluk
Mark McMunn | $ | 55,276
14,000
14,000
14,000 |  | 21,631
4,255
4,255
4,255  |  | 76,907
18,255
18,255
18,255
|                                                            | $ | 97,276                      |  | 34,396                    |  | 131,672                    

Note 10.       STOCK OPTION PLANS

(a)       There is a Non Qualifying Stock Option Agreement outstanding at March 31, 2003 with Richard Woytkiw for 150,000 common shares at a purchase price of $0.81 per share, exercisable on or before November 15, 2002.



F-15



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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

Note 10.       STOCK OPTION PLANS (cont'd)

(b)       On January 4, 2002, the company adopted a new qualified option plan in order to be in a position to attract top personnel to further its strategic plan.  2,000,000 shares will be set aside under the plan.  On January 8, 2002, Robert Kinloch, President and Chief Executive Officer was granted qualified stock options, applicable to this plan, to purchase 1,000,000 at $0.10 per share, representing 120% of the closing stock price at date of grant.

(c)       On September 12, 2002 the Company registered a non-qualifying stock option plan on Form S-8.  The plan became effective on the date of filing and covers 3,000,000 common shares.  As of the close of the third quarter no grants had been made pursuant to the plan.

(d)       The company has one non-qualified incentive stock option plan which was filed on Form S-8 in September 2002.  The plan provides that the Board of Directors is authorized to issue stock options to employees.  The exercise price of options is determined by the Board of Directors.  The plan contained 3,000,000 shares options for 665,000 shares have been granted.  All 665,000 options were exercised.

Note 11.       SUBSEQUENT EVENTS

AMT Canada Inc.

Since January 1, 2003 AMT has been in default of the terms of its purchase agreement entered into on September 26, 2001 through which AMT purchased the Keno Hill silver-lead-zinc mining project in Elsa, Yukon formerly owned by United Keno Hill Mines Ltd. of Toronto.  Specifically, AMT did not make a payment of Cdn$1,050,000 due on December 31, 2002.

On January 13, 2003 representatives of the "Secured Interests" as defined in the September 26, 2001 order granting the sale applied for and were granted by the Supreme Court of the Yukon Territory an order to divest AMT of the Keno Hill assets for non-payment.  The order gave AMT until February 10, 2003 at 12:00p.m. Pacific Standard Time to remedy the default.



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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

Note 11.       SUBSEQUENT EVENTS (cont'd)

On February 4, 2003, AMT commenced an appeal of the divesting order and brought a motion seeking a stay of the order pending the hearing of the appeal.  The appeal is based on the grounds that the judge erred in making what amounts to a final order of foreclosure when no one had sought such an order and the circumstances did not warrant such an order.  The summary nature of the proceedings denied AMT its property rights and unnecessarily prejudices other outstanding creditors other than the "Secured Interests", Chief Justice Finch of the Yukon Court of Appeal heard the application for a stay of the Supreme Court order and reserved decision until February 10, 2003.

On February 10, 2003, Chief Justice Finch released a decision refusing the motion brought by AMT to stay the order.  Accordingly the original order took effect opening the door to divesture and a certificate of non-payment was filed on behalf of the "Secured Interests".

On February 14, 2003, the Supreme Court of the Yukon Territory ordered AMT Canada Inc. to be divested of its mining claims and assets at Elsa, Yukon.  The action completes a full divestiture of assets purchased by AMT in September 2001 and comes 45 days after AMT defaulted on the terms of its purchase agreement.

Since the divestiture of AMT's mine assets in the Yukon, all personnel have been removed from the site.

The Company had issued 1,500,000 shares to be used to purchase an equity stake in a resource company in California.  While negotiations were ongoing no agreement could ultimately be reached and the company has terminated negotiations.  Shortly after the period covered by the report the shares were returned to the treasury for cancellation.

UCO Energy Corporation

On April 21st Maverick Mineral signed a definitive share purchase agreement to purchase the outstanding equity of UCO Energy Corporation, a Nevada Corporation.

To facilitate to transaction Maverick Minerals will consolidate its share capital at a ratio of one (1) common shares for every five (5) common shares.

Post-consolidation Maverick will issue 37,580,400 shares in consolidation of the transaction.  This number will represent 90% of issued and outstanding common stocks of the Company and will vest control of Maverick Minerals in the hands of the shareholders of UCO Energy Corp.



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MAVERICK MINERALS CORPORATION
Formerly Pacific Cart Services Ltd.
(A Nevada Corporation)
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
March 31, 2003
(Expressed in U.S. Dollars)

Note 11.       SUBSEQUENT EVENTS (cont'd)

As previously disclosed, AMT Canada Inc., a Maverick subsidiary, has been divested of its mining assets in Yukon Canada.  Maverick has subsequently disposed of its ownership of Gretna Capital Corporation and consequently those of AMT Canada Inc. as well.

The terms of the agreement between "Maverick" and "UCO" include the provision of a loan of $300,000 to Maverick by a third party to allow Maverick to meet its outstanding debt obligations.

To date $25,000 has been paid.  An interim payment is due on a closing in escrow of $100,000, scheduled for May 15.



















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

The Company is  a start-up, exploration stage  corporation and has  yet to generate or realize any revenues from its exploration operations.

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 a mining property and removes and sells  minerals.

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 plans.  The Company needs to raise additional capital, acquire an interest in a mining property and begin exploration.  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.

The Company does not intend to hire additional employees at this time.

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 is  an exploration stage  corporation and has not generated any revenues from operations. The Company cannot guarantee it will be successful in its business operations.

To become profitable and competitive, the Company must acquire a property, explore the property, find mineralized material, define an ore body and develop the property.  In the mining business, the possibility of accomplishing that goal is minuscule.

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.

Other than as described herein, we have no other financing plans.



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Item 3.  Controls and Procedures

Quarterly evaluation of our disclosure controls and internal controls

Within the 90 days prior to the date of this quarterly report on Form 10-QSB, we evaluated the effectiveness of the design and operation of our "disclosure controls and procedures" (Disclosure Controls), and our "internal controls and procedures for financial reporting" (Internal Controls).  This evaluation (the Controls Evaluation) was done under the supervision and with the participation of our management, including our chief executive officer (CEO) and chief financial officer (CFO).  Our CEO performs the same functions as a principal executive officer and our CFO performs the same functions as a principal financial officer. Rules adopted by the SEC require that in this section of the quarterly report we present the conclusions of our CEO and our CFO about the effectiveness of our Disclosure Controls and Internal Controls based on and as of the date of the Controls Evaluation.

CEO and CFO certifications

Appearing immediately following the signatures section of this quarterly report there are two separate forms of "Certifications" of the CEO and the CFO.  The first form of Certification is required in accord with Section 302 of the Sarbanes-Oxley Act of 2002 (the Section 302 Certification).  This section of the quarterly report which you are currently reading is the information concerning the Controls Evaluation referred to in the Section 302 Certifications and this information should be read in conjunction with the Section 302 Certifications for a more complete understanding of the topics presented.

Disclosure controls and internal controls

Disclosure Controls are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934 (Exchange Act), such as this quarterly report, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's (SEC) rules and forms.  Disclosure Controls are also designed with the objective of ensuring that such information is accumulated and communicated to our management, including the CEO and CFO, as appropriate to allow timely decisions regarding required disclosure.  Internal Controls are procedures which are designed with the objective of providing reasonable assurance that (1) our transactions are properly authorized; (2) our assets are safeguarded against unauthorized or improper use; and (3) our transactions are properly recorded and reported, all to permit the preparation of our financial statements in conformity with generally accepted accounting principles.

Limitations on the effectiveness of controls

Our management, including our CEO and CFO, confirm that the control systems are at the "reasonable assurance"  level, however, management does not expect that our Disclosure Controls or our Internal Controls will prevent all error and all fraud as a control system. No matter how well conceived and operated, they cannot  provide absolute assurance that the objectives of the control system are met.   Further, the design of a control system must reflect the fact that there are resource



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constraints, and the benefits of controls must be considered relative to their costs.  Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected.  These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake.  Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control.  The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. However, upon discovery that the controls are inadequate, they will be changed.

Scope of the controls evaluation

Our CEO/CFO evaluation of our Disclosure Controls and our Internal Controls included a review of the controls' objectives and design, the controls' implementation by us and the effect of the controls on the information generated for use in this quarterly report.  In the course of the Controls Evaluation, we sought to identify data errors, controls problems or acts of fraud and to confirm that appropriate corrective action, including process improvements, were being undertaken.  This type of evaluation will be done on a quarterly basis so that the conclusions concerning controls effectiveness can be reported in our Quarterly Reports on Form 10-QSB and Annual Report on Form 10-KSB.  Our Internal Controls are also evaluated on an ongoing basis by our independent auditors in connection with their audit and review activities.  The overall goals of these various evaluation activities are to monitor our Disclosure Controls and our Internal Controls and to make modifications as necessary; our intent in this regard is that the Disclosure Controls and the Internal Controls will be maintained as dynamic systems that change (including with improvements and corrections) as conditions warrant.

Among other matters, we sought in our evaluation to determine whether there were any "significant deficiencies" or "material weaknesses" in our Internal Controls, or whether we had identified any acts of fraud involving personnel who have a significant role in our Internal Controls.  This information was important both for the Controls Evaluation generally and because items 5 and 6 in the Section 302 Certifications of the CEO and CFO require that the CEO and CFO disclose that information to our Board's Audit Committee and to our independent auditors and to report on related matters in this section of the quarterly report.  In the professional  auditing literature, "significant deficiencies"  are referred to as "reportable conditions"; these are control issues that could have a significant adverse effect on the ability to record, process, summarize and report financial data in the financial statements.  A "material weakness" is defined in the auditing literature as a particularly serious reportable condition where the internal control does not reduce to a relatively low level the risk that misstatements caused by error or fraud may occur in amounts that would be material in relation to the financial statements and not be detected within a timely period by employees in the normal course of performing their assigned functions.  We also sought to deal with other controls matters in the Controls Evaluation, and in each case if a problem was identified, we considered what revision, improvement and/or correction to make in accord with our on-going procedures.



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In accord with SEC requirements, our CEO and CFO note that, since the date of the Controls Evaluation to the date of this Quarterly Report, there have been no significant changes in Internal Controls or in other factors that could significantly affect Internal Controls, including any corrective actions with regard to significant deficiencies and material weaknesses.

Conclusions

Based upon the Controls Evaluation, our CEO and CFO have concluded that, our Disclosure Controls are effective to ensure that material information relating to us and our subsidiary is made known to management, including our CEO and CFO, particularly during the period when our periodic reports are being prepared, and that our Internal Controls are effective to provide reasonable assurance that our financial statements are fairly presented in conformity with generally accepted accounting principles.

PART II

OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS

In January 2003, AMT defaulted under the terms of its purchase agreement  and on February 14, 2003, the Supreme Court of the Yukon Territory ordered AMT divested of all of its mining claims and assets referred to discussed above.

Accordingly, at this time, the Company, individually or through its subsidiary corporations owns no interests in any mining properties.



















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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 19th day of March, 2003.

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













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CERTIFICATION

I, Robert Kinloch, certify that:

1. 	I have reviewed this interim report on Form 10-QSB of Maverick Minerals Corporation;

2. 	Based on my knowledge, this interim report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report; and

3.  	Based on my knowledge, the financial statements, and other financial information included in this interim report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this interim report.

4. 	The Company's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a) 	designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b) 	evaluated the effectiveness of the Company's disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the "Evaluation Date"); and

c) 	presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5. 	The Company's other certifying officers and I have disclosed, based on our most recent evaluation, to the Company's auditors and the audit committee of Company's board of directors (or persons performing the equivalent function):

a) 	all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the Company's auditors any material weaknesses in internal controls; and

b) 	any fraud, whether or not material, that involves management or other employees who have a significant role in the Company's internal controls; and

6. 	The Company's other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Dated this 19th day of May, 2003.



| | /s/ Robert Kinloch
Robert Kinloch
President, Principal Executive Officer, Secretary/Treasurer Principal Financial Officer, and a member of the Board of Directors
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------



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CERTIFICATION PURSUANT TO
18 U.S.C. Section 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of MAVERICK MINERALS CORPORATION (the "Company") on Form 10-QSB for the period ended March 31, 2003 as filed with the Securities and Exchange Commission on the date here of (the "report"), I, Robert Kinloch, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)	The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.



| | /s/ Robert Kinloch
Robert Kinloch
Chief Executive Officer
Chief Financial Officer
May 19, 2003
| | ----------------------------------------------------------------------------------------------













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