i have a 1500 mg midget. I ran into the same problem after replacing the timing chain and sprockets. After I got it back together and up and running, noticed a bad leak on the timing cover. I did clean the metal surface on the cover and engine and placed a new gasket with applying gasket sealant (permatex 98H, High Tack gasket sealant), but it still leaked.
I think the main issue is that when I was tightening a couple of the bolts for the cover, the internal threads were stripping, which probably means the cover in that area is not getting a good compressions on the gasket to seal. So maybe by removing the timing cover off again and cleaning the sealing surface up again and using a new gasket and placing a small bead of RTV sealant on both sealing surfaces would help this issue?