I'm guessing it's Saprolegnia. As far as what you do for a treatment, I'd base it on what kind of a setup he's in. If he's in anything other than a bare no filter tank I'd do salt dips so you don't kill your bacteria that are processing the fish waste. He's already got a weakened immune system and killing your nitrifying bacteria is going to lead to having to start over cycling your tank. If he's just in a bare tank I'd be inclined to go with the Maracyn 2.
Here's a link that talks about the 2 a bit with pictures.
http://www.americanaquariumproducts.com/Columnaris.htmlIf it is just a super mild case and he's otherwise healthy you may be able to just do more frequent water changes with a bit of salt as a tonic and let him heal himself. I've had saprolegnia show up after I'd been procrastinating on my water changing schedule.
Good luck!