Musturbo,
Sounds suspicious! I have my doubts on the mixture since I run 60:1. Possible air leak? I had that same thing happen on an older CR500. After a full rebuild I took it out to break it in and it kept seizing. Seized 7x by the time I got back to the truck. Racked my brains, questioned my mix, looked at cooling system, looked for air leaks or anything that could cause it. The cause turned out to be the CDI black box going bad (eventually no spark too). Replaced the box and all was well (after some more rebuilding of course). Hope this helps. Cam.