An apparatus and method for forming a hole in material for non-medical and medical purposes such as a cranial burr hole for ventriculostomy and brain biopsy procedures. The apparatus includes a main unit upon which a drill unit is located. The drill unit includes a drill bit and an on/off switching means. The main unit includes a handle which is suitable for grasping, and an advancing mechanism including a release/engage mechanism, and an advancing lever and an optional on/off switch. The drill unit is advanced a predetermined distance relative to the main unit each time an advancing lever is pulled. In use, the apparatus is placed in a desired position upon the material to be drilled such a patient's skull and is stabilized by a stabilization platform, the apparatus is then turned on, and the advancing lever is pulled to advance the drill unit a predetermined distance relative to a longitudinal axis of the main unit with each pull of the advancing lever. The procedure is ended when the desired depth of penetration has been reached, or the material such as in the case of skull bone, has been completely penetrated.