Smoke from 1988 fox

I just swapped my Foxbody 2.3 to 5.0 and I’ve been getting a weird white smoke. It’s not stopping and this is my first swap. When I bought the engine the oil was black but there has been a slow leak in my garage and it’s milky. Will be draining oil and seeing the problem but any guesses on what it can be?
 
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I just swapped my Foxbody 2.3 to 5.0 and I’ve been getting a weird white smoke. It’s not stopping and this is my first swap. When I bought the engine the oil was black but there has been a slow leak in my garage and it’s milky. Will be draining oil and seeing the problem but any guesses on what it can be?
The engine is a total loss...remove it and replace it with a 2jz.
 
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Pay no attention to the man behind the username, he is the leader of the 'box head gang', yes I am a member too but that is for another thread.
Or not.
Now about that milkey substance, here is what I would do:
Change oil and filter, put inexpensive oil back in, the engine may need a teardown anyway so don't wast money on the latest, greatest lubricant.
What am I say'n, :doh: you will be tearing it down to some extent.
Pull the spark plugs noting the condition and keep track of which one came from what cylinder.
Do a compression test and note the psi for each cylinder.
You can rent a compression gauge from the local auto parts store.
If you have never done it before google is your friend.