SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OF 15(D) OF THE SECURITIES
EXCHANGE COMMISSION ACT OF 1934

For the quarterly period ended May 31, 2003

[  ]     TRANSITION  REPORT  PURSUANT  TO  SECTION 13 OR 15(D) OF THE
SECURITIES
         EXCHANGE  ACT  OF  1934

For the transition period from ______ to ______

Commission File Number:  001-05970

Silver Butte Mining Company
(Exact name of registrant as specified in its charter)

		IDAHO				82-0263301
-------------------------------              --------------
(State or other jurisdiction of		    (I.R.S. Employer
Incorporation or organization)		  Identification Number)

 520 Cedar Street, Sandpoint, ID                83864
 -------------------------------              ---------
(Address of Principal Executive Offices)      (Zip Code)

                    (208) 263-5154
--------------------------------------------------
Registrant's telephone number, including area code

              COMMON STOCK
Name and exchange on which registered

Check whether the issuer (1) 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 ( )

The number of shares of Common Stock, $.05 par value, outstanding as of
May 31, 2003, was 8,760,415

<PAGE>


<TABLE>
<CAPTION>

SILVER BUTTE MINING COMPANY
TABLE OF CONTENTS

<S>                                                                <C>

PART I.                                                             3
ITEM 1.  FINANCIAL INFORMATION                                      3
  Balance Sheets, May 31, 2003 (Unaudited) and August 31, 2002      3
  Statements of Operations for the three and nine months
    ended May 31, 2003 and 2002 - Unaudited                         4
  Statements of Cash Flows for the nine months ended
    May 31, 2003 and 2002 - Unaudited                               5
  Notes to Financial Statements - Unaudited                         6

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS.                       7

ITEM 3.  CONTROLS AND PROCEDURES                                    9

PART II                                                             9
  ITEM 1.  LEGAL PROCEEDINGS                                        9
  ITEM 2.  CHANGES IN SECURITIES                                    9
  ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                          9
  ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS      9
  ITEM 5.  OTHER INFORMATION                                       10
  ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                        10
  SIGNATURES                                                       11
  CERTIFICATIONS                                                   12
  CERTIFICATIONS  PURSUANT TO THE SARBANES-OXLEY ACT               14
</TABLE>
<PAGE>



PART I.

ITEM 1.  FINANCIAL INFORMATION

<TABLE>
<CAPTION>
Silver Butte Mining Company
Balance Sheets, May 31, 2003 (Unaudited) and August 31, 2002

<S>		                                   <C>                <C>
                                                   May 31
                                                    2003           August 31,
                                                 (unaudited)         2002

ASSETS

Current assets:
  Cash and cash equivalents                     $    11,379       $   53,449
                                                -----------       ----------
    Total current assets                             11,379           53,449
                                                -----------       ----------
Mining claims and land                                3,000            3,000
                                                -----------       ----------
      Total assets                              $    14,379       $   56,449
                                                ===========       ==========




LIABILITES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable                                                $    1,331
  Accounts payable to related parties                                  9,617
                                                                  ----------
    Total current liabilities                                         10,948
                                                                  ==========
Stockholders' equity:
  Common stock, $0.05 par value; 10,000,000
    shares authorized, 8,610,415 shares
    issued and outstanding at August 31, 2002
    and 8,760,415 issued and outstanding at
    May 31, 2003                                  $438,021           430,521
  Additional paid-in capital                       363,919           368,419
  Accumulated deficit                             (787,561)         (753,439)
    Total stockholders' equity                      14,379            45,501
                                                -----------       ----------
    Total liabilities and stockholders' equity    $ 14,379         $  56,449
                                                ==========        ==========
</TABLE>

The accompanying notes are an integral part of these financial
statements.


                                               3

<PAGE>
<TABLE>
<CAPTION>

Silver Butte Mining Company
Statements of Operations for the three and nine months ended May 31,
2003 and 2002 - Unaudited

<C>                                    <S>          <S>         <S>         <S>
                                         Three Month Ended         Nine Months Ended

                                         2003         2002          2003        2002



Operating expenses:

  Directors' fees paid in cash                                   $ (3,443)
  Directors' fees paid by issuing
    common stock                                                              $(9,400)
  Directors' expense reimbursements                                  (706)       (256)
  Professional service fees              $(3,323)     $   (40)    (15,731)       (520)
  Professional service fees paid
    to related parties                    (4,540)        (519)    (11,600)     (1,832)
  Other general and administrative          (376)         (21)     (2,901)       (290)
                                         -------        -----    --------     -------
    Total operating expenses              (8,239)        (580)    (34,381)    (12,298)
                                         -------        -----    --------     -------
Other income (expense):

  Interest and dividend income                38          298         259       1,235
                                         -------        -----    --------    --------
    Total other income (expense)              38          298         259       1,235
                                         -------        -----    --------    --------
Net loss                                 $(8,201)     $  (282)   $(34,122)   $(11,063)
                                         =======       ======    ========    ========
Loss per common share-basic              $(0.001)         Nil     $(0.004)    $(0.001)
                                         =======       ======    ========    ========
Weighted average common
  shares outstanding-basic              8,623,458     8,485,415   8,614,811   8,388,270
                                        =========     =========   =========   =========
</TABLE>
The accompanying notes are an integral part of these financial
statements.

                                                 4





<PAGE>

<TABLE>
<CAPTION>



Silver Butte Mining Company
Statements of Cash Flows for the nine months ended May 31, 2003
and 2002 - Unaudited

<C>                                                   <S>          <S>

                                                         Nine months ended
                                                               May 31
	                                                  2003        2002

Cash flows from operating activities:

  Net loss                                             $(34,122)    $(11,063)
  Adjustments to reconcile net loss to net cash
   provided (used) by operating activities:
   Directors' fees paid by issuing common stock                        9,400
   Professional service fees paid by issuing
     common stock                                           500
   Professional service fees paid to related
     party by issuing common stock                        2,500
   Decrease in accounts payable                         (10,948)      (3,044)
                                                        -------      -------
     Net cash used by operating activities              (42,070)      (4,707)
                                                        -------      -------
Net decrease in cash and cash equivalents               (42,070)      (4,707)
Cash and cash equivalents, beginning of period           53,449       71,455
                                                        -------      -------
Cash and cash equivalents, end of period                $11,379      $66,748
                                                        =======      =======

</TABLE>




The accompanying notes are an integral part of these financial
statements.

                                             5
<PAGE>


Silver Butte Mining Company
Notes to Financial Statements - Unaudited

1.  Basis of Presentation
The financial statements of Silver Butte Mining Company included
herein have been prepared without audit, pursuant to the rules
and regulations of the Securities and Exchange Commission.
Although certain information normally included in financial
statements prepared in accordance with accounting principles
generally accepted in the United States of America have been
condensed or omitted, the Company believes that the disclosures
are adequate to make the information presented not misleading.
These financial statements should be read in conjunction with the
financial statements and notes thereto for the fiscal year ended
August 31, 2002 included in the Company's Form 10-KSB.
The financial statements included herein reflect all normal
recurring adjustments that, in the opinion of management, are
necessary for a fair presentation.   The results for interim
periods are not necessarily indicative of trends or of results to
be expected for the full year ended August 31, 2003.

2.  Description of Business
Silver Butte Mining Company (the Company) was incorporated under
the laws of the State of Idaho on January 19, 1965. The Company
was originally organized to explore, acquire and develop mineral
properties and rights primarily in Idaho. However, the Company's
exploration activities never developed any commercial ore
deposits. During prior years, the Company made a strategic
decision to abandon or sell its mineral properties and rights,
and favorably position itself to seek other profitable business
opportunities.
The Company has incurred losses over the past several years and
has no recurring source of revenue.  These conditions raise
substantial doubt as to the Company's ability to continue as a
going concern.  Management's plans for the continuation of the
Company as a going concern are primarily focused on the eventual
merger with an entity with profitable business operations.  If
existing cash and cash equivalents are exhausted before this
occurs, the Company could sell its unregistered common stock to
finance operations. However, there are no assurances with respect
to the future success of these plans. The financial statements do
not contain any adjustments, which might be necessary, if the
Company is unable to continue as a going concern.
<PAGE>


On July 12, 2002, the Company entered into a preliminary Share
Exchange Agreement with Quantum Technology Group, Inc. (Quantum).
The agreement, as amended, calls for the shareholders of Quantum
to receive 50 shares of the Company's unregistered common stock
in exchange for each (1) Quantum share owned. This exchange would
result in the issuance of 41,000,000 new unregistered common
shares of the Company to Quantum shareholders. Quantum is a
development stage enterprise whose only asset is an exclusive
license to market and sell in the United States of America, an
electronic device known as the Handheld Portable Digital
Geographic Data Manager (hand-held field digital data mapping
device). The Share Exchange Agreement is subject to a number of
conditions, including: completion of due diligence; amendment of
the Company's articles of incorporation to increase
capitalization, among other things; and satisfaction of all
applicable securities law requirements.  In connection with this
Share Exchange Agreement, the Company held a special annual
meeting of its stockholders on October 11, 2002, wherein the
Company's stockholders voted to: change the name of the Company
to Quantum Technology Group, Inc.; increase the authorized common
stock to 150,000,000 shares; and ratify the Share Exchange
Agreement with Quantum.


                            6
<PAGE>

Subsequent to this special annual meeting, the Company determined
that the proxy solicitation for votes at this meeting had not
fully complied with applicable securities laws and regulations.
The Company's board of directors and management determined that a
resolicitation of proxies for another special meeting was
warranted.  At May 31, 2003, the Company has not accrued any
amounts for potential stockholder liabilities associated with
this lack of compliance, as the amounts, if any, cannot be
reasonably estimated.

The Company held a special shareholders meeting on May 16, 2003.
The stockholders voted to:  elect the board of directors,
increase the authorized common stock to 150,000,000 shares, and
change the name of the Company to Quantum Technology Group.   On
June 4, 2003, Quantum notified the Company that they were
terminating the merger in accordance with terms provided in the
Share Exchange Agreement.  As a result, the board of directors of
the Company decided not to change its name to Quantum Technology
Group.   The election of the board of directors and the increase
in authorized shares of common stock were adopted by the Company
in June 2003.
<PAGE>



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS.

General
This Form 10-QSB contains forward-looking statements.  Forward-
looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance and
underlying assumptions that are not statements of historical
facts.  This document and any other written or oral statements
made by us or on our behalf may include forward-looking
statements, which reflect our current views with respect to
future events and financial performance.  The words "believe,"
"expect," "anticipate," "intends," "estimates," "forecast,"
"project" and similar expressions identify forward-looking
statements.

The forward-looking statements in this document are based upon
various assumptions, many of which are based on management's
discussion and analysis or plan of operations and elsewhere in
this report.  Although we believe that these assumptions were
reasonable when made, these statements are not guarantees of
future performance and are subject to certain risks and
uncertainties, some of which are beyond our control, and are
difficult to predict.  Actual results could differ materially
from those expressed in forward-looking statements.   Readers are
cautioned not to place undue reliance on any forward-looking
statements, which reflect management's view only as of the date
of this report.

Plan of Operation
The Company's purpose is to seek, investigate and, if such
investigation warrants, acquire an interest in business
opportunities presented to it by persons or firms who or which
desire to seek the perceived advantages of a publicly registered
corporation.  The Company will not restrict its search to any
specific business, industry, or geographical location and the
Company may participate in a business venture of virtually any
kind or nature.

The Company may seek a business opportunity with entities which
have recently commenced operations, or wish to utilize the public
marketplace in order to raise additional capital in order to
expand into new products or markets, to develop a new product or
service, or for other corporate purposes.  The Company may
acquire assets and establish wholly owned subsidiaries in various
businesses or acquire existing businesses as subsidiaries.
 Business opportunities may be available in many different
industries and at various stages of development, all of which
will make the task of comparative investigation and analysis of
such business opportunities extremely difficult and complex.

Although the Company has minimal capital with which to provide
the owners of business opportunities with any significant cash or
other assets, management believes the Company will be able to
offer owners of acquisition candidates the opportunity to acquire
a controlling ownership interest in a publicly registered Company

                              7
<PAGE>
without incurring the cost and time required to conduct a public
offering.  The analysis of new business opportunities will be
undertaken by, or under the supervision of, the officers and
directors of the Company, none of whom is a professional business
analyst.  Management intends to concentrate on identifying
preliminary prospective business opportunities which may be
brought to its attention through present associations of the
Company's officers or through advertising the Company's
availability for acquisition.  In analyzing prospective business
opportunities, management will consider such matters as the
available technical, financial and managerial resources; working
capital and other financial requirements; history of operations,
if any; prospects for the future; nature of present and expected
competition; the quality and experience of management services
which may be available and the depth of that management; the
potential for further research, development, or exploration,
specific risk factors not now foreseeable but which then may be
anticipated to impact the proposed activities of the Company; the
potential for growth or expansion; the potential for profit; the
perceived public recognition or acceptance of products, services,
or trades; name and identification; and other relevant factors.

Results of Operations
For the three month period ended May 31, 2003 compared to the
three month period ended May 31, 2002

For the three months ended May 31, 2003, the Company had a net
loss of $8,201 compared to $282 during the comparable period in
the previous year.   The increase in loss was mainly caused by an
increase in professional services expenses incurred in connection
with proxy solicitation and the special shareholders meeting.
Net interest income also decreased during comparable periods from
$298 to $38.

For the nine month period ended May 31, 2003 compared to the nine
month period ended May 31, 2002

For the nine months ended May 31, 2003, the Company had a net
loss of $34,122 compared to $11,063 during the comparable period
in the previous year.   The increase in loss was mainly caused by
an increase in professional services expenses associated with the
Company's audit of its financial statements and fees associated
with the Company's shareholder meetings.

Financial Condition and Liquidity
During the nine month period ended May 31, 2003, the Company used
$42,070 of cash in operating activities compared with the use of
$4,707 in cash in its operating activities for the nine months
ended May 31, 2002.  The Company has no recurring revenue from
operating activities and plans to fund its future operations
through additional sales of its unregistered common stock,
although there can be no assurance the Company will be able to
sell its unregistered common stock.  The Company may also raise
funds by selling some of its property.


ITEM 3.  CONTROLS AND PROCEDURES

The Company's President and Secretary/Treasurer evaluated the
Company's disclosure controls and procedures within 90 days of
the filing date of this interim report.  Based upon this
evaluation, the Company's President and Secretary/Treasurer
concluded that the Company's disclosure controls and procedures
are effective in ensuring that material information required to
be disclosed is included in the reports that it files with the
Securities and Exchange Commission.

There were no significant changes in the Company's internal
controls or, to the knowledge of the management of the Company,
in other factors that could significantly affect these controls
subsequent to the evaluation date.

                              8
<PAGE>

PART II

ITEM 1.	LEGAL PROCEEDINGS

		NONE

ITEM 2. 	CHANGES IN SECURITIES

		NONE.

ITEM 3.	DEFAULTS UPON SENIOR SECURITIES

		NONE

ITEM 4.	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

a)  In April 2003, the Board of Directors announced a
special shareholders meeting to be held on May 16,
2003 for shareholders of record as of April 4,
2003.  The items to be voted upon and the results
of the vote are set forth in item c) below.

b)  Not applicable.

c)  The following items were presented to shareholders
for vote:

Elect the following directors:  Terry
McConnaughey, Robert J. Evans, Joseph Zinger,
Wayne Hohman, and Donald L. Hess

Change name of Company to Quantum Technology
Group, Inc.

Increase authorized common stock from 10,000,000
to 150,000,000 shares.

<PAGE>


The following table summarized the results of the
votes:

<TABLE>
<CAPTION>

<C>                      <S>             <S>               <S>
                            For            Against          Abstain

Election of directors     4,297,146          17,500        26,700
Change name  (1)          4,092,412         187,600        58,334
Increase authorized stock 4,190,846         118,600        28,900

</TABLE>
(1) Due to the termination of the related merger
agreement with Quantum Technology Group (see Note 2
to the financial statements on page 7 and 8), the
board of directors decided not to change the
Company's name.

d)  Not Applicable.

                                  9
<PAGE>

ITEM 5.	OTHER INFORMATION

		NONE.

ITEM 6.	EXHIBITS AND REPORTS ON FORM 8-K

		Exhibits and index of exhibits:  None.

                           10
<PAGE>


SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Company has duly caused this
report to be signed on its behalf by the undersigned, thereunto
duly authorized.

SILVER BUTTE MINING COMPANY
(Registrant)

By:  /s/Terry mcConnaughey
Terry McConnaughey, President and Director

Date:  July 11, 2003


Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Company has duly caused this
report to be signed on its behalf by the undersigned, thereunto
duly authorized.

By    /s/ Robert J. Evans
Robert J. Evans, Secretary/Treasurer and Director

Date:  July 11, 2003



Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Company has duly caused this
report to be signed on its behalf by the undersigned, thereunto
duly authorized.

By    /s/Delaine H. Gruber
Delaine H. Gruber, Director

Date:  July 11, 2003

                              11
<PAGE>


CERTIFICATIONS

I, Terry McConnaughey. certify that:

1.  I have reviewed this report on Form 10-QSB of Silver Butte
Mining Company.

2.  Based on my knowledge, this 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
report;

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

a.  designed such disclosure controls and procedures to
ensure that material information relating to the
Company, including its consolidated subsidiaries, is
made known to us by others within those entities,
particularly during the period in which this 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 report (the
"Evaluation Date"); and
c.  presented in this report our conclusions about the
effectiveness of disclosure controls and procedures
based on our evaluation as of the Evaluation Dates'

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 the Company's
board of directors (or persons performing the equivalent
functions);

a)	all significant deficiencies in the design or
operations of internal controls which could adversely
affect the Company'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.

6.	The Company's other certifying officers and I have
indicated in this report whether 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.


Date: July 11, 2003

/s/Terry McConnaughey
Terry McConnaughey
President and Director

                                   12
<PAGE>

I, Robert J. Evans, certify that:

1.  I have reviewed this report on Form 10-QSB of Silver Butte
Mining Company.

2.  Based on my knowledge, this 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
report;

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

a.  designed such disclosure controls and procedures to
ensure that material information relating to the
Company, including its consolidated subsidiaries, is
made known to us by others within those entities,
particularly during the period in which this 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 report (the
"Evaluation Date"); and
c.  presented in this report our conclusions about the
effectiveness of disclosure controls and procedures
based on our evaluation as of the Evaluation Dates'

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 the Company's
board of directors (or persons performing the equivalent
functions);

a.  all significant deficiencies in the design or
operations of internal controls which could adversely
affect the Company'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.

6.  The Company's other certifying officers and I have
indicated in this report whether 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.


Date: July 11, 2003

/s/Robert Evans
Robert Evans
Secretary/Treasurer and Director

                              13
<PAGE>


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

I, Terry McConnaughey, director and president of Silver Butte
Mining Company (the "Company") do hereby certify, pursuant to 18
U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that, to my knowledge:

1.	This Quarterly Report on Form 10-QSB of the Company
for the period ended May 31, 2003, as filed with the
Securities and Exchange Commission (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 the report fairly
presents, in all material respects, the financial
condition and results of operations of the Company.

Date:  July 11, 2003

/s/Terry McConnaughey
Terry McConnaughey, President and Director

                            14
<PAGE>

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

I, Robert J. Evans, director and secretary/treasurer of Silver
Butte Mining Company (the "Company") do hereby certify, pursuant
to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002, that, to my knowledge:

3.	This Quarterly Report on Form 10-QSB of the Company
for the period ended May 31, 2003, as filed with the
Securities and Exchange Commission (the "report"),
fully complies with the requirements of Section 13(a)
or 15(d) of the Securities Exchange Act of 1934; and

4.	The information contained in the report fairly
presents, in all material respects, the financial
condition and results of operations of the Company.
Date:  July 11, 2003

/s/Robert Evans
Robert Evans
Secretary/Treasurer and Director




                              15