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Goldeye Lake is a popular family area with canoeing, swimming and excellent fishing. It is only 11 km from Nordegg where there's horseback riding and mine site tours. Nearby hiking trails include Coliseum Mountain, Baldy Mountain, Bighorn River at Crescent Falls and Siffleur Falls.
Recent changes to the recreation area regulation under the Public Health Act have affected provision of drinking water in this day use area – we cannot absolutely guarantee that water from hand pumps is free of pathogens because of the risk of ground water contamination. As a result, Alberta Parks recommends that you bring your own drinking water.