Why is this happening? It’s on my transom. Tried to patch it last year and it keeps getting worse. A…

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Steve Michals asks: Why is this happening? It’s on my transom. Tried to patch it last year and it keeps getting worse. And this white shit is oozing out of the holes. I had my battery directly on the floor board touching the metal. Which I just corrected. Am I getting some kind of electrolysis?
See picture in the comments. Forgot to attach.

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