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The Iveron Chapel is located in front of the entrance to the Dante Gorge on Mineral Glade. It was built near the Iveron Spring, which dried up in the 1920s. In memory of it, a small bowl was built next to the chapel at the side of the mountain. Another source of St. Panteleimon still flows out. Its water contains iron ions and is completely different from the composition of other local mineral water sources. Because of this, it is not served in the medical sanatoriums of the Hot Spring. 

The entrance to the Iveron Chapel is built in the form of a traditional Orthodox chapel. It is leaning against the side of the mountain. The chapel itself is carved inside a sandstone rock. The sandstone slopes are overgrown with moss, and this creates a special aura inside the chapel. 

There is a Mineral Glade in front of the chapel. In 1914, an obelisk "Living Water" was installed on it. It is a pointed stele. The names of those who made the greatest contribution to the development of the Hot Spring resort in the first years of its existence are written on it: Count Sumarokov-Elton, Adjutant General Rymashevsky, Dr. Kamenev, Colonel Lieven, Master of Chemistry Klyukovsky.