After having to drill a bunch of circuit boards, i came to the conclusions that there had to be a better way to perform target practice. So i ordered a laser pointer and dug out an old broken set of helping hands. The helping hands were really helping this time.
Unfortunately i did not document this as i went, but thought i'd share it anyway. And since i had too much text for a slide show, i decided to go this way.
Update: I actually just looked at the receipt for the Laser pointer and stand corrected. I got 2 of them for $30 at ThinkGeek. I still have the second one laying around waiting to be mischievous.
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I have been looking at those lasers recently on my favorite online auction site for a different project, and at about $4 US a laser module with a line lens, all you have to do is hook the leads up to a 3.5v power source and you are off...
Mount one in front of the drill, line front to back, and one on the left, beam going left to right, and you are good to go. I'm going to have to do this to my own drill press, as drilling out a recessed broken bolt is not easy when you have no idea where the bit is going!
Also, for another laser guide project: if you were to get your hands on two straight line laser levels (I got two cheap ones for free as part of some magazine offers, I think) you could probably make a more professional version like this one which creates an "X" for lining up the drill head... I'm also guessing that if you were to do that... You could motorize it easily and make it self adjusting!