So, is it in the wall? or underground?
Do you have a reference for size? Depth?
Did you check around it to rule out pipe or such?
Added:
Reading sonar or radar effectively, is sort of an art you develope from experience, similar to the sounds and using a metal detector, in a wall there are a lot of variables that would need to be taken into consideration as an overall picture to do an armchair call on that.
You must allready think this is an anomoly in the wall, therefore should have checked it out.