<VV> Leak from 1/8" hole in Bell housing

[Kurt Guttensohn]

Hey guys,
  I have the Corvair up on jack stands today fixing oil leaks.
Then I noticed that the little hole on the bottom of the bell housing is leaking oil.
Is there anything I can do about this besides pulling the engine and replacing the seal?
I want to drive it while the weather is nice and then really get into fixing all the leaks this winter.
I added a picture of it (if it comes across.)
As always thanks for any advice,
Kurt
'64 Corvair Spyder 
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