Chris,
I understand your pain here! I managed to get through a number of small drills while practising drilling fairly deep in aluminium on my bench drill.
I now have one of the 'sensitive' drill adaptors shown above and a small chuck to mount onto it.
I have yet to use it in anger, as I resorted to larger holes rather than keep eating small drill bits!
The whole setup makes sense with it though and here is a summary of the advice I recieved:
1. Use a sensitive adaptor – your big drill will just crush the bit
2. Plenty of cutting fluid – I used WD40 or paraffin on the aluminium I was cutting (this makes everything much easier to cut, I am slowly learning)
3. Peck at the hole to clear the swarf often – very small amounts of swarf can easily get jammed inbetween the bit and the hole side and lock up the bit, your drill then twists the whole thing off the top and you expand the list of words used to describe the process…
Have fun with it all!
Rob