So I used rustroot above ground and followed arrows until I found a spot saying "there is heavy earth below". Then I used Grid mode in client to calculate exact position, then I went into the cave and went to that exact position.
To my surprise that position was in the middle of a cave pathway.
So my guess is that is a bug: it detects ore that isn't there because the natural cave path (not human made) is in the exact location where the ore is said to be.