Seems to be injection oil leaking around water pump housing redhead 700

[lil3incher]

Any help would be greatful, I have a 2002 Mountain Max 700, I just recently noticed what looks to be injection oil leaking through the belly pan, I removed several parts noticed a Milky looking fluid leaking around the water pump, but it doesn't seem to be coolant, liquid is same color as the oil i use, wondering what would happen if I removed the water pump to further inspect?

 

[Vincent]

Doubt it has anything to do with your water pump.

More then likely it's your exhaust header donut or gasket leaking.

 

[lil3incher]

Ok I will check those things out, You really think that's what it could be? The fluid is blue like the injection oil I use

 

[Vincent]

Where do you figure all that oil that your injection system processes threw your engine end up?