The cam shaft is in between the heads on a 3.0l, in the block under the intake manifold.
The lifters(one for each valve) sit in holes above the cam, each lifter rides on it's own Cam Lobe, so goes up and down with the cam rotation.
Sitting on top of each lifter is a Push Rod, the Push Rods run up thru the head and push against the Rocker Arm for a valve.
So Cam turns, Lifter goes up, Push Rod goes up, Rocker Arm goes up, Valve opens.
The 3.0l uses Hydraulic Lifters, this means inside each lifter is a couple of springs and a valve.
The hole each lifter sits in above the Cam also has an oil passage pressurized by the oil pump, when Lifter is not "up" oil flows inside the lifter thru a one-way valve, when Cam pushes Lifter "up" the springs compress and the oil inside is forced out thru the Push Rod(Push Rod is hollow) and up to the Rocker Arm where the oil is used to lube the contact points on all this metal to metal rubbing.
If the Lifter springs break the lifter doesn't open back up all the way after pushing the valve open, so lifter is now "shorter", so Push Rod isn't quite touching the Rocker Arm, this gap makes the "tick, tick, tick" sound.
The valve in the lifter can fail, this cause a suction that can prevent the lifter from opening back up, so same as above, gap at the Rocker Arm and "tick, tick, tick" sound.
These would usually be more noticeable at low RPM, because of lower oil pressure, as oil pressure goes up ticking would lessen.
Fuel injectors make a "tick" noise, I would give a listen to those at idle, see if you hear one that is louder than the others.