I used to pop in at the end of my day on mir, that was when the cave entrance was in SV and was open 24/7, probably that was mir2USA?
It probably had all mobs and bosses in there and all one hit and gave one exp point but among them were mixed real subs and bosses and you newer knew if this is going to be one hit or a real fight. That was what made it fun. I think normal mobs weren't all there, but of those that were, deer and hen would be hard fight and they would drop mystery items.
Even if you didn't come across real boss, even those that gave 1 exp could drop items, I remember filling my bag with armours to sell for some profit. It was no RT place, once some lower level char got killed by a real boss and came back all upset because he dropped some nice item there, I played a knight
and ran over to pick it up in a dense mob pileup with some big boss about and was lucky to retrieve the item for him. Was tricky because if you got trapped by mobs and the boss got on you, you might not get the chance to pick anything up and would have to TT if the boss was too big for you.
Mystery item could have really ^&* stats on them and if the item got bound to you, you needed to die as he says, usually many times before it would drop off you. You would see someone naked poking guards to get killed over and over, or you could use a purifying potion to cancel the bind (not sure what it was called) that also dropped in the mystery cave.
I miss this place along with casino. I never got to win the big prize (was it a gold brick?) but if you played it smart and not got too greedy, you could exit at some point with a decent profit. Was it tokens you could use to progress to next room or you could give up and cash them? I recall now there was NPC that offered gambling with those tokens. Casino was also a place I used to pop in in between regular hunts.