Just because it is magnetic does not mean it is junk, I have seen several samples of materials that were rich in gold but also iron, it all determines on how it was formed. I have even seen a half gold half silver nugget formed at different time periods through the same vent, so what ever you do please do not throw it away.
When I get a unique piece of material we go through a series of tests. I will first test to see if it is magnetic, then I will see if it is pliable, then I will try to take a piece off and crush it in a rock grinder, then I will take that and put a torch to it.
You may have a slag heap from a old Lead processing job that has oxidized, but you may also have stumbled upon something else. I tend to drop unknowns in Swimming pool acid to remove the rock and or oxidized materials, but this can be quite dangerous and I don't recommend it. You can also attempt to smelt your materials in a kiln, but buying that Kiln can also be quite expensive and not knowing what you have can be dangerous to your health.
If you think this is a vein you might consider sending it to a refinery and have them assay it, you could have found a nice lead silver vein but the lead content may be 95% and the ore may not be worth digging.
As Ron said above, welcome to trying to identify the unknown stuff we find.
If I had that specimen I would be smashing it in my rock grinder trying to break off the outside rock and or oxidized material, the outside material will crumble off and if there are pliable metals they will remain intact.
Have you been able to extract a piece of metal out of the rock and examine it? A lot of gold coming straight from ore will have a crystal appearance because it is still in the state it was formed and hasn't been worn down by being bounced down the river yet, some will look like quartz crystals.
Please also remember the melting temp of metals you are working with, if it is gold it is almost the same as copper, but lead melts much lower, 621 F degrees for lead, and 1945 F degrees for gold. Copper is even higher at 1984 F.
I probably don't need to remind you of this but also please wear the proper safety equipment for what you are doing, I wear a scar to this day for not wearing proper equipment and wearing the right stuff for the job has saved my life on many occasions. I had a torch explode on me the first time I ever tried to melt gold, had I not had proper eyewear on I would have lost a eye and had I been wearing polyester clothes I wouldn't be here today.