 Castambul was originally named Sixth Creek, but was renamed Castambul by Price Maurice after the Kastamonu (previously Kastambul) region in the Black Sea area of Turkey.In the 1850s, Australia's first payable gold mine (the Victoria) was located in the area.The area was also home to Price Maurice, who moved to Castambul in 1856 and bred Angora goats for wool.