A magnet won't work because the timing cover is aluminum so any thread shavings will be too. The shavings are easy. Remove the oil pan drain plug, drain the oil (if there is any), remove the timing cover because the tape is probably stuck between pan and the front main cap. Remove the tape then pour WD40 or whatever through the front pan opening and you'll likely get the vast majority of the shavings out. Dropping the pan may still be needed... but you might just get lucky too.
Making mistakes teaches us a lot even though it sucks at the time.
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