It could be either your lifters, an exhaust leak, or the wire from your coil to the distributor. On the last one, if you don't completely get the wire all the wy in you will hear a snaping from the spark jumping the gap between the wire and the contact inside the cap.
One way to locate the noise is to take a section of hose or a short piece of pipe and use it like a stethascope moving it around to different locations and listening thru the other end, just watch out for the fan blade.
Good luck,
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