fz1 leak from weep hole

Alright guys, got a 06 fz1 with only 8500 miles on it, i noticed a wierd burning smell and sure enough there something all over the bottom of the oil pan and its dripping on the exhaust, not sure if its oil or coolant. From what ive researched it could be seals in the waterpump. Can i get to the waterpump thru the side cover or does the pan have to come off, i was told by a local shop that it could be a mechanical seal and can access it thru the side cover, but everthing i read online says the pan has to come off. Thanx for any help
 
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