It dosent matter how much oil you mixed with the gas, you could have mixed it 10:1 and it would have still done the same thing. It looks like it got REALLY HOT, because of an air leak, or incorrect jetting, those will kill a 2 stroke. Make sure if you rebuild it, you replace all the gaskets, and try to determine if it still has an air leak somewhere. Plug chops will also help with the jetting story. If it were a crank seal, it would have been the left one, behind the flywheel, otherwise a bad gasket somewhere in the top end. Sorry for your loss, and hope you get it figured out!
THE 80's RAGE! Currently owns:
81, 85 Yamaha Tri Moto 125
83 Yamaha Tri Moto 200 x2
82,83 Yamaha Tri Moto 175 project
85 Yamaha Tri Z 250
84 Kawasaki Tecate 250
84 Honda ATC 70
85 Honda ATC 350X
84 Honda ATC 250R
(2) 84 Honda ATC 200x
82, 83 Honda ATC 185s
81 ATC 200
Lots of other parts and bikes