How do i go about getting a striped valve cover bolt off? Its the first one closest to the radiator. Im also getting a little pool of coolant right above my head inbetween the intake manifold and the head. I cant really see any water in the oil but i cant see where the coolant is comming from. What else can i do to see if the head gaskets blown?

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Stripped? I assume you mean you rounded the insides out so you can't take it off (i'm assuming this is a GTA, centerbolt by your name.) You can try to grab the outside of it with plier/vice grips. If that doesn't work, drill a SMALL hole into it and use an EZ-out, which is a like a tapered left handed drill bit. It goes in the starter hole, and whne you turn it to loosen the EZ out digs in tighter, hopefully pulling the bolt. If that fails, drill/cut the entire head off the damn thing, remove the VC and grab the shaft of it with vice grips once you get it off.

As for the leak, i sincerely doubt it's a head gasket. More likely it's either the intake gasket, or the thermostat gasket/housing is leaking and getting coolant there. As a hyper-rare cause, the manifold itself may have cracked or otherwise become porous, allowing coolant to escape.
If you see any rise in oil level, or a foamy milkshake like stuff in your oil, IMMMEDIATELY stop driving or you will hose your motor in no time. The rising oil level would show that coolant was filling your crankcase, and remember oil floats on water. The foamy stuff means that the coolant has already mixed with your oil. Coolant in your oil is bad.
...ed