Uh oh, power steering bolt broke into number one cylinder?

It is usually the builder that installs the cover with the wrong bolt that pierces the cyl. wall. I have seen many people removing the power steering and putting the same bolts back in without the bracket and ruining perfectly good motors. A sleeve can fix it. But if mine I would look for another block . You will need new rings a gasket kit and machine work to the block.

I have seen some repaired by filling the very bottom the coolant jacket with Hard block past the break, Cleaning the bore and reassemble. Make sure before putting hard block in you install Brass core plugs . If not filled above the plugs and they corrode you will never get the plugs out to replace them. Also put block seal in above the hard block so it doesn't seap. Only fill the block to a little above the top of the core plugs. I street drove and raced a 340 like that and it Lasted a long time.