It also has some vegetation around the water that is standing and when I started digging in to it just to see how the soil was ( alot of clay and muck ) what little water that was there started draining out.

I have also found several areas while digging approximately 3' deep where water is draining or running underground through roughly 1" diameter streams. Not 100% sure if it's a spring or what.

When I made the decision to dig a pond it was mainly due to finding several sink holes. Originally thought it may be a spring that would help keep it full. I would attach a picture but don't know how on here