Judging by the color and irregular shape, it looks like aggregate that has been exposed by the drilling. If you are going to drill concrete, you will encounter aggregate, it's virtually impossible to avoid unless its a really bad mix with inadequate aggregate content - i.e. pure grout. Rebar exposed by typical hammer drilling will shine, and WWM often goes unnoticed as it's fairly easy to drill through. This is just base on the picture and the lighting, though.