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--Fix,
Volcanic rock floats and is not magnetic. That thing looks like a solid chunk of metal. Defiantly worth taking home quickly, quietly and did I say quickly and quietly lol,
My solution to the immediate problem, (identification) would be to go back out with the cordless drill and drill a little more. Save the drill shavings, then rebury the rock/meteor for later.
Send or take the shavings to a good metallurgist for analysis. Ask if there is a possibility that it is a meteor. He/she should be able to put it under a microscope and give you an answer within minutes. (And, if not a meteor, perhaps what it is).
Congratulations on what might be the find of the century!!
Eagle
View attachment 696392
Well, I just got back from the beach. Took this pic of some possible bubbles or vesicles as someone else called them. I got some drill shavings too. The metal deposits are mixed with other different materials. Black powdery substance after drilling. I'm definately leaning torwards slag or some other man made refuse. :-(