I use an aerosol spray cutting fluid and just apply it as needed, the trouble with a cooling fluid on a mag drill is the mess. Very rarely is the fluid recoverable, and if cutting long sections the mess can travel a long way!
dam the sections with rags .... what we used to do in the bandsaws, which flooded the blade to lube, but more essentially keep them cool
Broaches last a lot longer with proper coolant feed through the quill and thus into the centre of the broach ... I use a pump up spray bottle to provide a pressurised feed to the mandrel fitting, through a tap to control the flow and a decent soluble oil ... last lot came from Smith & Allen
Contains highly effective biocide and fungicide to protect the emulsion in use. Paint & Varnish. ATF/Power Steering Fluid. Rust Prevention Fluid. Brake & Clutch Fluid. Cutting Fluids. Engine Oil. Transmission Oil.
www.ebay.co.uk
at a 10:1 solution it'll last you a while ... I bought a 20l to refill the lathe and miller and'll last me a loooooooooong time, even with a total loss with the mag drill