Agree with all the previous posts.
The best way, IMHO, for you... Would be to order a carbide, center cutting endmill that's smaller in diameter than your blade thickness. It HAS to be center cutting so that you can plunge with it.
Then you need to set up your guard stock in a solid drill press vise that is fixed in place. No hand holding the stock, I wouldn't even hold it in a vise that's not clamped/bolted/etc down to the table.
Then use the endmill to drill the holes. The benefit of this, is the center cutting endmill will plunge down and cut where you want it to. So you can drill your first hole, move your guard stock over 1/2 the diameter of your cutter, and then drill the second hole.
If you try to do that with a typical 118 or 135 degree HSS twist drill, the drill is going to wander over and want to go back into the first hole.
You can drill out 90% of the slot that way, and then do the final fit up with files.