These two lakes are popular with anglers, as limit catches are common. The lake has yellow perch, rainbow trout and numerous other species. Wagon Mound Lake Waterfowl Area Wagon Mound Lake gets its water from intermittent springs and surface run-off. It is also known as Salt Lake because the lake has no outlet. The existing water supply is not dependable, therefore the lake size varies widely year to year.
Waterfowl hunting is permitted here, during season.
There are no restrictions on camping or picnicking, but there are no developed sites on the area. In January 1988, a private landowner in northeastern New Mexico granted the Game and Fish Department access to a 1.5 mile stretch of the Dry Cimarron River, known locally as Folsom Falls. This is the only year-round river in far northeastern New Mexico. This easement is five miles north of Folsom on State Road 456. Brown trout up to eight pounds have been caught in this stretch of water.