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That’s an interesting one. Gear oil isn’t red and there’s nothing on the diff cover. It’s almost like it’s something residual that got splashed onto the subframe. I’d clean it off with a few cans of brake cleaner and watch it for a while to see if something returns.
I have too but everything was covered. This is only on the subframe…not the diff, axles, exhaust or anything else you can see. Migrating that far and only being on the subframe doesn’t seem likely.