Can't see the picture ..
but perhaps you can grind the bolt off flush...
and then center punch it..
and use a left handed set of drill bits to gradually increase the size of the hole...
typically as you get near the threads the pressure is released and it comes out... due to the fact that you are using left hand drilling....
Left hand bits are not easy to find locally .... and cost more than regular bits... but compared to having to take out the radiator or other stuff.. which does involve risks in themselves.... it may be worth it..... I have never had a left hand bit fail to take out a bolt.....
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