[THEFERMANATOR]

There pretty solid engines, but the oil pumps in them are known to fail at normally 250K miles. You don't often see a low milage one lose oil pressure. I would have suspected a bad guage cluster or sending unit for that low milage engine to have oil pressure issues. I know the possibilities for them are pretty high if your willing to do some work on it. The late 90's CAMARO and FIREBIRD guys are buying them up left and right. Swap over the car intake and some better heads with a cam swap and 500+HP is pretty easy to get out of em. You normally don't hear of internal parts failures in them until you start going over 600HP with about 8+ pounds of boost. Are you sure it came from a Vette though? All of the car engines are supposed to be aluminum blocks and heads and the cast iron blocks were for the trucks.