Danti
After the track day months ago it also sounds like the is a hole some where and it's getting louder and louder.
The sound been there before I fitted the exhaust.
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That may indicate the noise could be from something other than the new exhaust.
You mentioned it seems to be coming from the timing cover area.
The belt may be 'walking' due to shot tensioner roller bearings etc.)
You may be able to undo the top timing cover bolts enough to check the belt condition.
Pic shows 2 types used on gen 2 NA's, and they are secured by 5 bolts.(One is in the black hole lower bottom right)
Early Gen2 NA's had a spring type tensioner, but later Gen2 NA'S had a hydraulic tensioner.
Top cover in the pic goes with the spring type tensioner, and the bottom one goes with the hydraulic.