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         Seal, that hole is there on most bikes to avoid the leaked coolant going into the crankcase and get mixed with the OIL.
        
 I would replace both seals (oil seal and water seal) and have a close look at the pump axis and replace it in case of damage.
 
 You could run with a small leak as long as there is enough coolant.
 
 have fun,
 
 j.
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