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Maverick Minerals Corp (MVRM)
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Maverick Minerals Corp was incorporated in the State of Nevada on August 27, 1998 under the name 'Pacific Cart Services Ltd.' On March 22, 2002, it changed its name to Maverick Minerals Corporation to reflect its change in focus to holding and developing mineral and resource projects. It is an exploration stage company engaged in the acquisition, exploration, and development of prospective oil and gas properties. The Company holds a 100% undivided right, title and interest in a group of mining claims situated in Thunder Bay, Ontario, Canada known as the Jarvis Island Property. The Island is situated about 35 miles south of Thunder Bay about 5 km from the shore of Lake Superior near to the U.S. border (Minnesota). The property consists of 13.355 hectares and is believed to have mineral potential for the production of barite. It competes with other natural resource exploration companies for financing and for the acquisition of new mineral properties. The Company's business is subject to various federal, state and local laws and governmental regulations that may be changed from time to time in response to economic or political conditions.