Typically the problem stems from the passage in the block, in the 'tube' that passes oil up to the head, inside the water jacket area. The 'tubes' can rust out or split if they get thin. It also can not be checked by magging it because you can't get to that area. A pressure test will only catch it if pressure is held and monitored to see if it drops, or the tubes are very carefully inspected during the test. A low pressure test may not even show an issue; sometimes it takes a higher pressure than might be used for your standard "pressure test", or heat, to make the issue pop up. 50+ lbs of oil pressure can easily overcome a crack that won't show up under a 5 lb pressure test.