Are you sure the water pump isnt leaking? If so you might find it feels wet behind the water pump pulley or you may see a trace of spray on the side of the air filter box.
The timing chain cover conveys coolant down from the head and butts up to it. Any sign it has been off? If the timing chain cover is positioned even slightly off from the level of the top face of the block, you can put in new HGs and torque the bolts down as many times as you like. You will get nice compressions but it will still leak at the joint. No prizes for guessing how I know