Well you could have a blown head gasket,cracked head or block, or a combination of the above. Though I would go with the head gasket or cracked head first. You can remove the heads and have them checked if the come back clean and you could see breaks or cracks in the gasket then that's prob. your problem, if they are ok then you will have to have your block checked.. If you aren't able to do this yourself then ask around to friends and coworkers and get recommedations for good mechanics. Basically check your cost on a swap out motor and the actual repairs and make your decision..
Check the heads first. It would probably be cheaper then a complete engine swap.
It may be an intake gasket leak. Head or intake gaskes are still less than a motor.
That 3.4 GM engine is famous for losing upper and lower intake manifold gaskets. I learned it the hard way. good luck
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