Fischer-Watt moves after merger

Fischer-Watt Gold (USOTC) has located two new gold veins at its Limon operation in Colombia.

Drifting along the Aurora vein, 6 km south of El Limon in the Oronorte district of north-central Colombia, has encountered gold mineralization 40 metres below previous underground workings. The average grade of the half-metre vein, diluted to a 1.2-metre stoping width, is 16 grams gold per tonne over a length of 25 metres.

At Juan Vara, 2 km south of El Limon, drilling has intersected a vein 30 metres below old workings.

Meanwhile, in central Nevada, Fischer-Watt and partner Digger Resources (VSE) are returning positive gold values from trenching at an unnamed project. Digger must spend US$1.5 million on exploration to gain a 80% interest in the 3,200-acre property, situtated on the Battle Mountain trend, near Austin.

These activities come on the heels of a takeover by Fischer-Watt of privately owned Great Basin Exploration, which resulted in the issuance of 4.1 million shares of the former’s common stock.