This is a common problem when new studs are installed, or if a nut is removed and left off for an extended period of time.
Drain the water and if you can, remove the stud without pulling off the head. You should be able to double-nut this stud because it is taller than the others (except the water neck studs). Tighten the nuts against each other and then use an 11/16" wrench on the BOTTOM nut to unscrew the stud. Once the stud is out, coat the coarse threads that screw into the block with a sealant. Then put the stud back in, using the double nuts to tighten the stud in place. Allow the sealant to set. Then remove the nuts and re-assemble.
Unless the problem truly is a blown head gasket or a crack in the block, this trick usually stops the leaking around this stud.
Marshall