-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 EquV8yVrcn0gbiALCFS6NrQ2WtsjUSmmTYnylyXQOOKVpCP+ozNaRrZSzv0MmraU
 XEBp6vmHv6GEll2Gcc60yQ==

<SEC-DOCUMENT>0001014909-06-000029.txt : 20060322
<SEC-HEADER>0001014909-06-000029.hdr.sgml : 20060322
<ACCEPTANCE-DATETIME>20060322213255
ACCESSION NUMBER:		0001014909-06-000029
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060131
FILED AS OF DATE:		20060322
DATE AS OF CHANGE:		20060322

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Helgeson Gerald David
		CENTRAL INDEX KEY:			0001356782

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17386
		FILM NUMBER:		06704870

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(760) 731-3158

	MAIL ADDRESS:	
		STREET 1:		3770 POPPY LANE
		CITY:			FALLBROOK
		STATE:			CA
		ZIP:			92028

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FISCHER WATT GOLD CO INC
		CENTRAL INDEX KEY:			0000844788
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				880227654
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0131

	BUSINESS ADDRESS:	
		STREET 1:		2582 TAFT COURT
		CITY:			LAKEWOOD
		STATE:			CO
		ZIP:			80215
		BUSINESS PHONE:		3032320292

	MAIL ADDRESS:	
		STREET 1:		2582 TAFT COURT
		CITY:			LAKEWOOD
		STATE:			CO
		ZIP:			80215

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FISCHER  WATT GOLD CO INC
		DATE OF NAME CHANGE:	19991025

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FISCHER WATT GOLD CO INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2006-01-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>1</form4TransactionsReported>

    <issuer>
        <issuerCik>0000844788</issuerCik>
        <issuerName>FISCHER WATT GOLD CO INC</issuerName>
        <issuerTradingSymbol>FWGO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001356782</rptOwnerCik>
            <rptOwnerName>Helgeson Gerald David</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3770 POPPY LANE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>FALLBROOK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92028</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Secretary</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.05</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2002-06-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value>L</value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>500000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.05</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2002-06-02</value>
            </exerciseDate>
            <expirationDate>
                <value>2007-06-30</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>500000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.115</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-07-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value>L</value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>100000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.115</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2004-07-15</value>
            </exerciseDate>
            <expirationDate>
                <value>2009-07-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>100000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Options assigned to M. Engle.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/  Gerald D. Helgeson</signatureName>
        <signatureDate>2006-03-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----