water drip under 997
Discussion
You are correct that is the Coolant gallery drain bung; the aluminium sealing washer corrodes and then the leak starts - the residue is dried Coolant; it crystalizes as the liquid evaporates. A drain and fill will be required - generally the sealing face needs a good clean as corrosion can occur under the washer too - a deft hand with a new bung and washer can be a quick fix but it can get messy very quickly. Do not be tempted to remove the bung with any heat in the engine.
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