Peregrine Diamonds Ltd has reported the discovery by drilling of four new kimberlites, CH-52 to CH-55, on the Chidliak project on southern Baffin Island in Nunavut, Canada.

The company has discovered five kimberlites since April of this year, bringing to 55 the total number of kimberlites discovered at Chidliak since August, 2008.

Peregrine President Brooke Clements said the company continued to discover kimberlites at Chidliak at "a very rapid pace" and believed that many more would be found. "We are particularly pleased to have already identified seven kimberlites with economic diamond mining potential in Arctic settings and we are confident that we will add to this group with additional discoveries this season," Clements added.

Samples obtained this year from seven of the project's kimberlites will be analyzed for diamonds at the Saskatchewan Research Council Geoanalytical Laboratories. Results of the analyses are expected in the third quarter.