-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 A3uXvXAdxlKCOF1MY6qqoGdQxIN/LpFIu4Q+pnxExttLyQPw+Lrmhg1FQNn2lgMx
 pGT61M0sKymVmOreIs5cog==

<SEC-DOCUMENT>0001014909-07-000024.txt : 20070425
<SEC-HEADER>0001014909-07-000024.hdr.sgml : 20070425
<ACCEPTANCE-DATETIME>20070425210721
ACCESSION NUMBER:		0001014909-07-000024
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070131
FILED AS OF DATE:		20070425
DATE AS OF CHANGE:		20070425

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

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:		07788989

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

	MAIL ADDRESS:	
		STREET 1:		3770 POPPY LANE
		CITY:			FALLBROOK
		STATE:			CA
		ZIP:			92028
</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>2007-01-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>1</form4TransactionsReported>

    <issuer>
        <issuerCik>0000844788</issuerCik>
        <issuerName>FISCHER WATT GOLD CO INC</issuerName>
        <issuerTradingSymbol>FWO</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>Stock Option (Rt to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.1</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-07-27</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>0.1</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2006-07-27</value>
            </exerciseDate>
            <expirationDate>
                <value>2011-07-26</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>500000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1100000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <ownerSignature>
        <signatureName>/s/ Gerald D. Helgeson</signatureName>
        <signatureDate>2007-04-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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