These noises on V8s are often valve train ............... as a general rule if it's there all the time it's worn rocker shaft/gear if it comes and goes it's a sticky hydraulic tappet.
It's all pretty common stuff I'm afraid, as google will tell you, ......... there are various solutions, new parts.....(doing rocker shaft or tappets is straight forward, but the latter involves removing the valley gasket) thicker oil (yes really!) or sometimes the oil pressure relief valve needs attention.
Removing the power steering belt to eliminate or otherwise the pump would be useful. But I reckon valve train.
If you can find someone who has worked on alot of these engines they may well diagnose accurately and also say how serious it is.
Good luck!