There is a related technology called "Cable Percussion Drilling". It uses a tool dropped by gravity to cut through soft stuff and smash its way through rock. Then a winch (or people) lifts the tool and drops it again. The spoil is removed by a cable dropped cylinder with a flapper on the bottom. It's an ancient technology, going back thousands of years.
Making bits for this is a dead simple forging and welding job and a few bucks worth of scrap. The hard part is the winch mechanism or finding some people to pull the rope.
See also: Wellspring Africa's Hand Powered Percussion Drill

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