I too think it's the water pump, but that fan sprays coolant everywhere or whatever else happens to be leaking in the area making the diagnosis a bit hard. To what icanfixall said about the bolt length, I'd like to add that I seem to recall a Ford TSB issued on that because they upgraded the pump boss thickness. For that reason it was really important that if you had an upgraded housing you also had the longer top bolts and if you didn't have the upgraded housing you didn't use the upgraded longer bolts. I swapped a water pump about 4 years ago and it had a pretty good leak in the area you describe. Worst part was getting the water pump flange clean of old gasket and sealing material, that and fan clutch removal which is always tricky. It's probably a good idea to use the Ford/Motorcraft water pump if you can still get them. These usually come with a copy of said TSB and they appropriate bolts. A NAPA new, not reman unit is probably an acceptable substitute. Again, it's imperative to make sure the correct bolts go with the correct casting and that the mating surfaces are perfectly clean. The only other thing to worry about is you must make sure to use the correct permatex sealer on your bolts, otherwise you may still have leaks. Good luck and feel free to post back with any questions. Try to get cracking if you need it this weekend it is an evil job. I spent several days on cleaning the pump mounting flange but I am no mechanic and it went faster when I decided to get serious and get my dremel and an abrasive wheel after it. I was scared I might punch through that thin metal on the engine but more scared of leaving gasket material behind and having to do the project over when I had a term paper to write.