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Yeah man, 'piston slap' is the likely culprit. Very common with Chevy engines. I've had lots of Chevy's over the past 40 years, and I betcha most of them had some piston slap. The 'slap' simply means that the alum piston is a tad loose in the bore, then as the engine warms, the piston expands and the noise goes away.
Nothing to worry about, so long as the slap goes away after warm-up......
I noticed it the first time I started it cold. Said to myself "self, that sounds like piston slap" and did a little research. I suspect it's more noticeable with an aluminum block and maybe the pistons have a short skirt. Not a problem at any rate, a friend had a '96 Neon that sounded like marbles in a soup can in the morning, the LS1 ain't nothin'
It's just a good reason to be gentle for the first few miles