it might be. according to some archeologists the labyrinth might have been found (see link below)
and there is new evidence that suggests that the minotaur might actually have existed (see link below)
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It's a myth and all lore has it's roots in truth, for certain the island had a people that worshiped bulls.
Theseus had to go through a giant maze called a labyrinth. Fortunately, he had a ball of twine so that he knew how to get out of the labyrinth, since it was said that the labyrinth was impossible to get out of. So after he kiilled the minotaur, he escaped the labyrinth with the ball of twine.
It wasn't a Greek god that defeated the minotaur but it was however a hero named Theseus who defeated him in the Labyrinth.
Ariadne gave Theseus a ball of golden cord to navigate his way through the labyrinth. I also believe that she gave him a sword to kill the minotaur.
In Cretan mythology, Theseus slayed the minotaur. He did it with the help of a ball of string and Ariadne, who knew the minotaur in some ways too intimately. Not that way. The minotaur is a half bul half man . http://thenorthnode.wordpress.com/2008/10/21/theseus-and-the-minotaur/ Very nice looking blogsite, with a synopsis of the myth with a bit of discussion concerning wandering up that particular emotional labyrinthine alley surrounding it.
Theseus used a ball of thread/string to find his way out. This was given to him by the princess Ariadne.