omc 3.0 water and oil out of valve cover

by dennis
(cushing, oklahoma us)

I have an old boat, it has not been started in years but i recently got it started, then it started leaking water and oil out of the valve cover. i know that when this happens in a car engine it is the head or head gasket. this is a 87 bayliner and i really want to repair it right. am i looking at a head gasket or is there something else i need to look at.

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