I've searched a column drill as the "Proxxon Bench Drill Press TBM 115" but it's a little too expensive. I've found also a vertical stand for Dremel alt 50€, but it was a model with a single metal column as rail, similar to the most you can see with a "drill stand" search, and it had a low precision in horizontal movement of the bit. In fact you felt the head moving of about a millimeter, which is a lot when your bit is so narrow. So I decided to build it by myself.
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The slide is a "macro rail" for photography which you can find on eBay at about 10$, but I already had a couple of them. The other parts you need, other than the drill, are only:
- a strong spring (but also a big elastic is good)
- some wood boards
- some screws
- a nail
- 5 inch of a little aluminium cilindrical bar (as the ones of the TV antennas)
- a wood base
- and two inches of aluminium pipe (this also isn't so essential)
















































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the drill?
I have to agree with what others have said about your zip tie attachments. Some other kind of removable clamp there would be an improvement. I would go for a hinged hose clamp kind of an arrangement.
http://www.pchemlabs.com/files/images/kf_hinge_clamp.jpg
That way I could attach, and remove the moto-tool easily. Although copying and adapting the hinged clamp design might be difficult to do without some heavier tools to make it. I still feel it would be perfect in use. Some plumbers tape, screws (I'd use carriage bolts I could lock into the tape holes), and wing nuts would do the job too.
http://www.mhparts.com/prodimages/P-1159-450.jpg
All you'd need to work with plumbers tape would be a pair of snips. Or maybe one of those moto-tool cut off discs that always blows up? Other people mentioned hose clamps and while I do love me some hose clamps I don't think they would be ideal for your application.
If I had made one of these drill presses myself I would have used a pipe and a flange as the machine column too. That way I could have made the head adjustable like they are on commercial drill presses. But I often get too carried away whenever I make anything.
The way you did it is nice too. You are up and running doing what you want to do easily.
This is why I won't be making one of these drill presses anytime too soon:
http://www.instructables.com/files/orig/FLY/MK39/GSUSNNOP/FLYMK39GSUSNNOP.jpg
I already have the real thing :)
http://www.instructables.com/id/GM-Arts-Overdrive-Pedal-Build/
One more tweak I would make would be to install spacers behind the rail to the vertical support allowing more clearance from the bit to the vertical.
http://faz-voce-mesmo.blogspot.pt/2012/11/instructables-sofa-de-paletes-stereo.html
You may find it frustrating that you have no "throat" — you can't get holes very far from the edge of the board because they'll hit the vertical stand. In hand-drilling boards, I used a hand-drill converter stand, but what I've found is that I tend to just leave the Dremel in place and push the board up into it. It's far superior to hand-drilling and just as fast.