Run it with the valve cover removed. I'll bet you will find where its coming from.
Yep, got some sticky valves there IMHO
1953 Chevrolet 3100 261 cu inch, sm420, 3.55 rear, torque tube still,omaha orange, still 6 volt, RPO green glass, side carrier spare, all done In the DITY Gallery Video of the 261 running
1964 GMC 1000 305 Big Block V6, sm420, the next cab off restoration