Thanks for the quick replies and all the feedback.
You're correct. The part that the silkscreen indicates for this location is an inductor, not an oscillator. That's my mistake.
Yes, I'm sure it's a resistor. No, it can't be directly/reliably measured because it's toast.
In retrospect, I should have just checked continuity between the two fan header pins and any ground (ie the screw next to the header). There was no reason for me to plug it in and power it up to check the polarity. I'm an idiot, and I know better. I thought my multimeter had a 1M resistor built in to keep from creating a dead short like probably happened in this case. Either way, powering it up was totally unnecessary. Lesson learned. (ie don't do what I did...)
The solder on the back of the board (all connections) is a gray-ish color, not the typical bright-ish silver so I suspect it has some stuff in it (ie lead) that I definitely don't want to breath. Have to grab some kind of ventilation apparatus and a new resistor, and then go about making the repair. I'll follow up with results once I have them.
Thanks again, I appreciate all the replies.