A drill bit having a body and cutting teeth projecting endwise from the body, each of the cutting teeth having a cutting face at its extremity remote from the body, at least certain of the cutting teeth extending laterally to the periphery of the body, the lateral ends of such cutting teeth at the periphery of the body being inclined from the periphery of the body inwardly, normally at an angle between about 120.degree. and about 150.degree. , preferably at an angle of about 135.degree. , to the...