Yes I would say there is Iron in solution and it is cementing copper...
I may have some posts that can help to understand the process, but I think the best place to learn it is where I learned it.
Laser Steve has a document on his website that explains the copper II chloride leach (misnamed the acid peroxide process), reading this document is the best way to begin the understanding of its use, Laser Steve's earlier posts are a great resource for not only this process but others dealing with electronic scrap materials.
Reading the forum from the beginning where the forum was new, you can get a good understanding of many of the processes, where many methods were discussed in detail. another great source is to take the forums guided tour where many of these processes are included in the tour to introduce readers to them, giving them a place to begin their study on these processes, the forum handbook, and the search button are great tools, using this to begin your study and then just keep learning how these metals react with acids, as you observe what happens as you practice what you are learning...