The company noted that a total of 11 channel samples were taken and have been submitted to a lab, in Vancouver, for expedited assay testing.
Additionally, the Power Metal team is reviewing the exploration work undertaken and the initial findings.
It expects to update the market again with the results and a decision over its acquisition option, in line with the agreed 30-day option period.
"We are pleased to report the completion of the sampling work on the Victoria vein, one of two main veins located at the Silver Peak Project in British Columbia, Canada,” Paul Johnson, Power Metal chief executive said in a statement.
“The exploration work focussed on representative sampling of vein exposures located in the cliffs and workings situated vertically above the Victoria adit of the Eureka-Victoria Silver Mine.”