1970’s Movie about a youth on a quest (Hard one)

I saw this film in the early 70’s at the theatre. It may have been a foriegn film that was dubbed but not sure. Here is what I remember. A young man or youth has to set out on a journey or quest to find something. At one point he meets up with a Father Time Old Man character and falls down a well? or tight space and has to figure a way out. He may have been searching for some kind of key or the like. Like I said, this is a tough one ,



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