The light beige, powdery-topped, sooty-underneath growth at the base of your 40-50 year old maple is a slime mold (likely Fuligo). It feeds on bacteria and organic matter in the mulch—not a plant pathogen.
The 2-foot vertical split weeping sap suggests internal decay or bacterial wetwood (slime flux). These are chronic, non-treatable conditions.
The slime mold is a curiosity; the trunk crack is the structural issue to watch.
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Maple Tree Lichens: Harmless Epiphytes Indicating Canopy Thinning
Autumn Blaze Maple Decline: Bark Peeling, Sap Ooze, and Split Trunk
Best Red Maple Varieties for Long-Lasting Fall Color in the South
Phyllosticta Leaf Spot on Young Maple
Sugar Maple White Spots: Harmless Lichens, Real Issue Likely Planting or Herbicide
Mysterious White Foamy Growth on Maple Trunk: Not Slime Flux
Grey-White Circles on Lilac Trunk: Need Photo for Identification
Oak Tree Bark Sloughing with Gray Fungus After Drought: Hypoxylon Canker—Tree Must Be Removed
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