Two problems one cause?

[red82gt]

I'd fix it right away, if it does happen to be an intake gasket, chances are there'll be water in the crankcase as well. This will wash out your bearings in short order. Hopefully it is just a lower head bolt that isn't sealed properly. That could also explain the water coming from the same side tailpipe (water getting into the cylinder).

[Georgia5.0]

Hey, I found the leak, it was a small 3/8 hose running from the aft side of the intake manifold to the back of the engine. Where it connected to the back was hidden by the two heater core hoses that come from the firewall. Thats why I couldn't see where the coolant was coming from with the engine running. In fact I didn't even find the hole until I just started ripping hoses out and checking them one by one. I just wanted to let you guys know. Thanks for everyones help.