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Aug 27, 2015 01:06 AM EDT

The culture ministry of Greece has announced that the Greek Archaeologists have unearthed the ruins of an ancient palace in Greece at Aghios Vassiolios hill, Discovery News reports.

According to Ancient Times, some researchers believe that it is the long lost palace of Sparta.  

The discovered site has important archaic inscriptions dating back to the Mycenaean Age and is likely to have been built around the 16th-17th centuries BC. According to available evidence, the palace was probably destroyed by fire at some point in the late 14th or early 13th century.

The discovery of the site will allow for advanced research on the "political, administrative, economic and societal organization of the region", and provide "new information on the beliefs and language systems of the Mycenean people," the ministry said in a statement, according to Discovery News.

The ancient palace had around 10 rooms and was discovered near Sparta in the South of Greece. The archeologists also discovered various objects of worship, figurines of clay, a cup decorated with a bull's head and mural fragments. The site and the objects discovered will provide the archeologists insights into the ancient Mycenaean civilization.

More than 150 archaeological excavations were have been carried out in Greece so far this year.

Since 2009, a number of excavations have been conducted in the area that have unearthed inscriptions on tablets written in Linear B script that relate to religious practices and also names and places.

According to Ancient Origins, the Mycenaean era was the last phase of the Bronze Age in Ancient Greece. The era is characterised by large city-states, works of art and writing.

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