A public health officer told a media briefing on Friday that contact with the phormidium algae could cause eye irritation, breathing difficulties if inhaled and stomach upsets.
"It also produces a neurotoxin, which causes tingling, numbness and difficulties with breathing," he said.
While the algae occurs naturally and blooms are triggered by warm-water temperatures and hot, settled conditions, it also feeds off nitrogen and phosphorus in the water.
Waikato Regional Council water scientist Dr Eloise Ryan said significant rain and cooler temperatures were needed to slow the algae growth.
"In my experience we won't see the bloom disappear ... If these conditions persist, we may see the recurrence of this bloom over summer."
Ryan said the algae might not yet be producing toxins but could do so at any time so the council would continue regular monitoring.
The water would be tested weekly, she said.
Medical officer of health Dr Neil de Wet said just because not all lake areas were listed as no-go zones, it did not necessarily mean they were safe, and people should be vigilant.
"Even in those areas of the lake where we don't yet have information or haven't yet issued a warning, be aware and look before using the lake because blooms can occur rapidly. It's important you check and if there's any visible algal material or any strange odour from the lake it's best not to use the water if there's any doubt."