I have a 98 explorer SOHC 4.0 and it has a very slow leak .... pretty sure it is where the water pump meets up with the block. The outside of the motor looks like it is spattered with milkshake, which is what antifreeze and motor oil look like when mixed together.
At least it is on the outside of the motor ... if the oil inside the motor looks like that, it typically means a bad head gasket or less commonly, a cracked head or block.
I have plans to switch to an electric fan, so a new water pump is in the plans for me at that time.
If your leak is picking up speed, the silver lining there is that it won't be long until it is easier to diagnose ... eventually, it will be pretty obvious. If you suspect the heater core, run your defroster at high temp. If it fogs the windshield instead of clearing it and leaves a greasy film (antifreeze) ... there's your answer.