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Escaping oil?

Hi there, need your help. Bought my first Pantera in September, a stock 73. Engine and transaxle looked and were supposed to be stock, clutch was new, nice red colour through the square hole on top of the gearbox, near the engine.
The concern is that now after my first real trip, a black oillike substance is coming out of that whole. It looks like oil, but when I touch it, it is mostly powderlike with very little liquid in it. Is it normal for a new clutch? Could it be oil from leaking engine or transaxle (just changed oil on both so oil is nice and clear brown)? If oil leaked into the clutch area, wouldn't it just drip off the bottom of the car?
Do I have a big issue here or not? The clutch works fine. Confused
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