theres many methods, dremel, drillpress, mill, edm, etc, Milling is prob the best(money and whatnots) you need end mills, TiN coated ones are good, but carbide ones are better, The TiN coated ones get dull probably faster than carbide, A ton faster, You can convert a drillpress and risk screing it up, to a mill, or I should say 'drill press with cross vice'
or cross drilled blocks or whatever, theres tons of ways to do it, check out the gallery, you can see what ones are milled and what ones are drilled