70’ 340 casting mark or not ?

Looks like someone marked a mold they wanted to keep track of.
That's my guess too. I'm thinking that were it's a -8 block that the 8th repair at that part of the mold for the sand cores was sketchy at best. I'm thinking they probably marked that particular part of the mold to see that it wasn't going to be used in the -9 series during its next repair.