Help again, sorry guys for my lack of maintenance skills? Have a 2002 315r and had  a little water leak from what I thought was the water pump. I turns out it is leaking from a little hole (see photo) underneath the water pump. Have taken the cover off but cannot see how you get to it or should there just be a plug that goes in that has come out, 

Needs a new water pump seal,and possibly the water pump spindle if it's worn

I am not an expert on your bike but I think that is a weep hole designed in.  When the water pump seal fails, the weep hole leaks the water outside the case rather than have it just leak into the transmission.  It also helps you know there is a problem before it becomes a big problem.

Huski's post above is exactly correct.

Thanks guys, have ordered the seals and gaskets so tomorrow we open her up. wish me luck 

 

good luck