Here's what's likely happening and how to address it:
* Failed O-ring/Seal: The distributor sits in the engine block and is sealed by an O-ring or seal to prevent oil from leaking. Over time, these seals harden, crack, or become brittle, leading to oil leakage. This is the most common cause.
* Distributor Shaft Wear: Excessive wear on the distributor shaft can also contribute to leakage, particularly if the shaft is worn and the seal no longer makes a good contact.
* Cracked Distributor Housing: Less likely, but possible, is a crack in the distributor housing itself.
What you should NOT do:
* Keep driving the car: Driving with a significant oil leak from the distributor is extremely risky. You risk damaging the distributor, causing electrical shorts, and potentially catastrophic engine failure.
What you SHOULD do:
1. Stop driving the car immediately. This is the most important step.
2. Find a qualified mechanic: This is not a job for a novice. Replacing the distributor O-ring or the distributor itself requires specialized tools and knowledge of engine timing. Improperly reinstalling the distributor can lead to serious engine damage.
3. Prepare for repair costs: The cost will depend on the cause of the leak. Replacing the O-ring is relatively inexpensive; replacing the distributor is more costly.
In summary: A large oil leak from the distributor base on a 3.1L V6 Camaro is a serious problem requiring professional attention. Do not attempt to fix this yourself unless you have significant experience working on car engines. Have it towed to a qualified mechanic or repair shop immediately to prevent further damage.