Fins don't leak, but the tubing will, if perforated.Originally Posted by whitefish
You do see an actual stream of liquid escaping? This is a long shot guess: sometimes, for example if that drain cock is leaking, fluid can be diverted, possibly squirting up in a narrow stream that might appear to be coming from elsewhere. Check the drain cock and particularly the seal on it. If the seal is distorted it will leak.
If it's not the drain cock, you have 3 choices: Add a leak sealant additive and pray it works, remove the radiator and have it professionally repaired, or install a new radiator.