Sick engine

[jerrytocci]

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THIS CHASSIS CAME FROM A NICE SURVIVOR . The black stuff came out of tailpipe and smells like soot from a chimney and the liquid is water not oil . The drain pan speaks for its self . I check oil level befor starting it and most puzzeling thing is , my radiator did not lose a drop and engine ran OK . The manifold gasket leaks . I plan to remove head and valve cover