Spade drill with replaceable cutting-insert carrier

A drilling tool comprising:

• a cantilever holder having axial chip grooves formed by surfaces extending along opposite sides thereof, said holder having a diametral recess across the end thereof, said holder also having a mounting portion establishing an axis of rotation;
• a blade body receivable in said recess, and having abutments engageable with surfaces on said holder transverse to said groove surfaces to position said body laterally with respect to said holder, said body having receptacles for receiving cutting inserts, said receptacles being disposed to position said cutting inserts at locations on opposite sides of said axis of rotation and eccentric with respect to each other about said axis, one of said receptacles being disposed to position a cutting insert to cut to the said axis of rotation, and said receptacles establish cutting insert positions wherein the cutting edges of said inserts are parallel to each other and inclined to said axis of rotation;
• and
• cross-pin means interengageable with said blade body and holder to maintain the assembled relationship thereof, said holder having a central axial bore providing a coolant passage extending to said recess, and said blade body having a transverse hole receiving said cross-pin means, a first passage terminating at said hole and communicating with said coolant passage of said holder and extension passages terminating at said transverse hole and disposed to deliver coolant to positions adjacent said receptacles, said cross-pin means intersecting said transverse hole with clearance providing for coolant flow around said cross-pin means.