I think it is noise from the cam chain tensioner/adjuster. It is normal as it takes a bit for it to get full oil pressure up top. It will make this noise for a few solid seconds when you change the oil, if you don't fill up the oil filter before installing. That is because you don't get oil pressure until the filter fills up. I believe the tensioner is *supposed* to retain pressure through an internal check valve or something, but it is normal for a high mileage one to have this behavior (pressure leaks down after it sits for a while). If it gets worse - like making the noise at other times, or continuously - it may need addressing.
You can verify it is the tensioner by having someone start the car (cold, so it makes the noise for you) and having a stethoscope or screwdriver between your ear and the back of the valve cover. If the noise obviously comes from the back of the valve cover, you can pretty much narrow it down the tensioner. If it comes from the front of the engine, it may be from the accessory belt tensioner.
Next time, stick your head under the hood and have someone else start it for you.
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