After all the assistance everyone has given me and checking everything suggested, the problem still exists. This morning I removed the water pump, it looked just fine.
Then I removed the head...the head gasket was installed properly and looked just fine, what I did find was an accumulation of rust in the water jackets. I pressure washed the head making sure that all the water journals were free of any thing that might be obstructing the water flow. After a few minutes all the holes were clean. I guess the lesson learned here was, don't start rebuilding a engine until you are ready to use it. This engine was rebuilt in 1992, wrapped in plastic and left in the garage. Here in Maine with the weather changing I figure that moisture must have accumulated making rust.
I am going to take a compressor and blow out the water jackets in the block prior to putting it back together.
The real downside is, cannot get a head gasket until the end of the week. Hope this time everything goes better.
Again, Thank-you all for the support and all the great ideas.
