Condensed Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended		234 Months Ended
Condensed Statements of Cash Flows (Unaudited) (USD $)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Cash flows from operating activities:
Net Income (loss)	$ 61,257	$ (1,064,213)	$ (10,242,246)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Stock issued for services		709,033	751,134
Stock options issued for services	73,276		73,726
Forgiveness of debt and accrued interest	(797,445)		(774,971)
Derivative expense	100,738		100,738
Interest expense for conversion of stock		204,449	373,357
Accrued Interest	73,554	33,700	143,481
Accrued Liability from Acquisition			262,000
Loss on Impairment			7,907,597
Amortization of discount on convertible debt and debt issuance costs	47,396	47,545	49,658
Amortization			11,972
Changes in operating assets and liabilities:
Other Current Assets	(2,500)		(2,500)
Other Assets	(1,470)		(1,470)
Accounts payable and accrued expenses	56,443	(28,643)	471,438
Net cash used in operating activities	(388,751)	(98,129)	(898,560)
Cash Flows from Investing Activities
Capitalization of Mine Expenses	(52,379)		(52,379)
Purchase of Minority Interest	(6,500)		(6,500)
Investment in oil and gas interests			(29,500)
Net cash used in investing activities	(58,879)		88,379
Cash flows from financing activities:
Issuance of common stock	10,000		142,580
Payments of Notes Payable	18,750	(32,500)	(51,250)
Obligation to issue common stock	14,700		22,200
Proceeds from issuance of subscribed stock	66,666		95,254
Proceeds from officer advances			90,573
Proceeds from note payable-related party		120,000	29,500
Proceeds from note payable	390,833		674,033
Net cash provided by financing activities	463,449	87,500	1,002,890
Net increase (decrease) in cash and cash equivalents	15,819	(10,629)	15,951
Cash and cash equivalents at beginning of period	132	23,431
Cash and cash equivalents at end of period	15,951	12,802	15,951
Non-cash investing and financing activities
Effect of Assignment and Quit Claim of Oil and Gas Leases		(32,330)
Conversion of notes payable to common stock		(89,800)
Investment in equipment		125,000
Investments in mining interests		$ 767,040

SIERRA RESOURCE GROUP INC 10-Q/A