Sounds like a "deck crack" near the exhaust valve seat, that has gone into the water jacket.
This is not uncommon, particularly if the engine has been overheated at some point.
These can usually be pinned ("lock'n'stitch"), but most folks here seem to feel that "it's not worth the money", that "decent Model A blocks are plentiful and cheap".
I have not found that to be the case personally. I have three model A engines, two are running and have deck-cracks around the exhaust seats on # 2 and # 3 cylinders. The third engine is a very stuck doodlebug engine, but no deck cracks.
Suggest you evaluate the condition of the rest of the engine, and base your repair strategy off of that...
I got-by for two years with my coupe engine running Copper Bars-Leak; it worked better with straight water than with 50/50 anti-freeze.