Iowa Chapter Director
Join Date: Jul 2002
Location: Ames, Iowa
the waterpump shares a few bolt holes with the timing chain cover, so if there's a leak in the gasket that lets it through one of those holes, it'll fill that bolt hole, and could also possibly leak into the oil pan, which means coolant in the oil, which means bad. So check your oil and see if there's any oil in it. Looks like a possibly bad waterpump gasket.
1988 Notch Mustang: - 438W, direct port n2o, t56
2003 SVT Focus: - SCT X3 tuner