Being a coastal community with a number of historical sites and providing boat access to Calaguas Group of Islands it also has some claim as a tourist destination.

In 1572, attracted by news of gold deposits, Juan de Salcedo petitioned to search for mines in the Bicol region.

[5] Arriving by boat from the North, Salcedo’s expedition found mining operations at Paracale, but was forced to retreat due to sickness and lack of provisions.

Small scale mining in Camarines Norte pre dates the Spanish colonial period, but the region came to prominence in 1626 when a sizable gold deposit was identified close to the current location of Paracale town.

Spaniards employed local labour to extract gold-bearing gravel from adjacent rivers and streams, although mining operations were described as intermittent, small in scale and rarely profitable due to frequent flooding, in 1688 it was recorded that miners in Paracale were paid three reals per week plus food for extraction of gold ore.[7] During the period of American colonial rule dredges were used to mine alluvial gold deposits.