I kind of doubt leeched minerals are involved here...
If the soil matrix was negative at all, and if the machine was ground balanced properly, what I think is happening, is that the large root is displaciing a pretty good amount of mineralized soil. Therefore, the void, or absence of mineralized soil displaced by the root is reading 'positive' to your machine.
Though I have recovered ( on rare occasions ) coins underneath roots, if the root was as large as the one you describe, I'd elect to abandon the signal, based on the above, and also in the interest of not digging some whopping hole in a public area with people looking on. If you can figure out a way to dig around and under the root without making a huge hole (mess) , or if you don't have onlookers, go for it...but odds are its a false signal or conductive trash. I wouldn't suggest trying to cut off a 5" section of root from a tree in a public park, however and admire your decision not to do so.
Knipper