I recall a discussion with some folks who had chemical backgrounds and the consensus was that it was dilute HCl and a small amount iron, then after that has reacted adding a small amount of solid Ferric Chloride. The color would be the best way to figure how much FC it needs. It may need filtering or settling and decanting.
These are the simplified reactions:
Fe(II) (Elemental iron) added to dilute hydrochloric acid (HCl and H2O) = FeCl2 + H2 + H2O2. That would create Ferrous Chloride (Di-chloride) and HCL plus hydrogen peroxide. The peroxide breaks down to H2O plus O2, which recombines with the H2 to make water. Thus, you have an aqueous solution of Fe(II)Cl2 and HCl.
Our trusty Ferric Chloride - Fe(III)Cl3 added to dilute HCl = Fe(3) + 3Cl ions in the H2O which is a fancy way of saying it just dissolves. That would be the Ferric Chloride (Tri-Chloride), This ends up an aqueous solution of Fe(III) and HCL.
I will have to play with it someday, but I would say to try:
1 gallon of 10%-20% muriatic acid
1oz degreased steel wool
1oz solid FeCl3 (add a little at a time)
I bet there is an ounce or two of hydrogen peroxide added to speed things up.
Any thoughts Fitzo?