Sort of embarrassed here, I was able to get close enough to the outdrive last night by laying on the swim deck and looking at the "leak" up close, this is old rusted drainage. The 7 o'clock position actually has a rough texture like rust. I had the boat docked at a marine on a river that had huge amount of natural river trash. I think gunk plugged up the drain port and finally drained this water out. I am hoping that the inside of the lower unit is not rusted as bad. I am still going to take the boat in Saturday to have some routine maintenance done. I wish I had a trailer to do it myself, but can't afford at this time. The lube drain plug is just inches from water surface, so draining and refilling on the lift is not an option.
If you guys were close by, I'd buy you a beer for helping me!
Thanks