check out the exhaust manifold for broken studs or dodgy gasket.
I had a similar noise in my v8 which sounded worrying (and expensive) which happened at start up when cold which would go away after about 15 seconds (manifold heats up and seals) or if I put it in drive (revs drop). Turned out it was escaping exhaust making the noise (which I described as an unlubricated metalic noise but could also be like marbles in a blender). There was also a 'shuffle' sound if I booted it which was a result of increased exhaust pressure causing exhaust to escape.
Take of the serpentine and start it (cold) to see if the noise is one of the pulleys or not. If there's no noise without the belt then its one of the pulleys. If there is noise then it's something else (obviously). Best to eliminate possibilities..

