I received a reply back from my friend Mike who's the forester today,heres what he replied: Hey Buck,
took a look, it isn't a powder post beetle or any other beetle, they start out as grubs. It looks to me like a silverfish, or at least of the same family, and it probably isn't doing any harm to the piece of wood. My best guess the get rid of it is to get it drink. Take a mason jar full of cotton, fill it up with denatured alcohol, and place it inside of the container with the block. Whenever you are trying to collect insects for a collection this is the way you would kill and preserve them.
If it doesn't work your still not out much, just remember that alcohol is flammable.