2004 race prepped Z06 what is this noise??

well think of what happens when you miss a shift at 7,000 rpm and hit a lower gear....

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look closely at 5:30 and 6:30 at the water jacket, in addition to the gouge in the piston

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OUCH! Cracked block. Not a good day for that engine. I guess it could make a nice coffee table now.
 
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