This is probably a 200 yard rapid fire target. I only see 10 .22 caliber holes; offhand would show 22 and there would be pasters. This is a center that was probably pulled because it was "clean". I don't really remember.
Procedure for 200 yard rapid fire: Stand, load and make ready with two rounds in the magazine and an open bolt. When targets appear, drop to sitting position, fire two rounds, reload with another eight rounds and fire. Target will drop after 60 seconds. Target will be scored and raised, shooter and spotter record groups and score.