how tan? light tan? if it is a pretty light tan,
take the muffler off, look at the piston as it passes by the exhaust port. look to the right side of the exhaust port and just under the piston ring. can you see any damage there? if you do, then its time to take the cylinder off and look at it at the exhaust port, clutch side bottom. if the piston was damaged then the cylinder probably has damage in the same spot, just under the right side of the exhaust port. if you have damage there also, then the motor was lean siezed.
ie ran to lean on the needle settings and it overheated, which melted the cylinder plating at that spot, which is the spot on these motors that sees/gets the least amount of cooling, but no amount of cooling will save an engine from a lean sieze. it a fuel flow ( or lack of it ) issue.
but the fact you say it reved high for a few minutes and then stalled make me think you have an airleak. most likely the cylinder gasket...
time to trouble shoot deeper.
inspect the cylinder base, look for the gasket to be sticking out anywhere, or big wetspots by the cylinder gasket is a sign of a leak.
hope is something simple, but trail and error troubleshooting is whats needed now to figure out what your problem/s is/are.
T