A drill bit having a central axis and comprising: a tapered cutting end part terminating in a drill tip at one end of said drill bit and having at least one gulley extending toward said drill tip; a shank extending from an opposing end of said drill bit; at least three flutes formed in said drill bit, each said flute having a flute leading side wall and a flute trailing side wall; and a land defined between each of said flutes and extending to said tapered cutting end part; said cutting end part comprising at least three tip faces; characterized in that each of said flutes helically extends from adjacent said shank into said cutting end part; and in that each said tip face extends from one of said lands to said drill tip, each said tip face having a first tip face region extending from adjacent an end of said adjacent flute to said drill tip and a second tip face region extending from said first tip face region to the adjacent land, said second tip face regions being separated by said flutes; and in that each said first tip face region has: a leading tip margin; a tip relief extending from said tip margin toward said first tip face region of an adjacent trailing tip face; one of said gulleys with a first end thereof communicating with an adjacent flute, each said tip margin defining a tertiary cutting edge with said gulley of a leading adjacent first tip face region; and a tip transition region blending said tip relief into said gulley; and in that in any cross section plane extending perpendicular to said central axis through said first tip face regions, said tip margin of each said first tip face region lies on a circle extending about said central axis and each said tip relief, each said tip transition region and each said gulley lies entirely within said circle. a tapered cutting end part terminating in a drill tip at one end of said drill bit and having at least one gulley extending toward said drill tip; a shank extending from an opposing end of said drill bit; at least three flutes formed in said drill bit, each said flute having a flute leading side wall and a flute trailing side wall; and a land defined between each of said flutes and extending to said tapered cutting end part; said cutting end part comprising at least three tip faces; characterized in that each of said flutes helically extends from adjacent said shank into said cutting end part; and in that each said tip face extends from one of said lands to said drill tip, each said tip face having a first tip face region extending from adjacent an end of said adjacent flute to said drill tip and a second tip face region extending from said first tip face region to the adjacent land, said second tip face regions being separated by said flutes; and in that each said first tip face region has: a leading tip margin; a tip relief extending from said tip margin toward said first tip face region of an adjacent trailing tip face; one of said gulleys with a first end thereof communicating with an adjacent flute, each said tip margin defining a tertiary cutting edge with said gulley of a leading adjacent first tip face region; and a tip transition region blending said tip relief into said gulley; a leading tip margin; a tip relief extending from said tip margin toward said first tip face region of an adjacent trailing tip face; one of said gulleys with a first end thereof communicating with an adjacent flute, each said tip margin defining a tertiary cutting edge with said gulley of a leading adjacent first tip face region; and a tip transition region blending said tip relief into said gulley; and in that in any cross section plane extending perpendicular to said central axis through said first tip face regions, said tip margin of each said first tip face region lies on a circle extending about said central axis and each said tip relief, each said tip transition region and each said gulley lies entirely within said circle.