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In my opinion, the finest small drill press made is from Cameron Precision:
http://www.cameronmicrodrillpress.com/presses.html
It's supposed to be able to handle drill bits down to 0.006" diameter--yes, six-thousandths of an inch--but I haven't tried anything smaller than a #80 in mine. In several decades of hard use, it has never let me down. Be advised, though, that these units are now truly pricey (I got mine more than thirty years ago, when they were cheap).
Dawg
http://www.cameronmicrodrillpress.com/presses.html
It's supposed to be able to handle drill bits down to 0.006" diameter--yes, six-thousandths of an inch--but I haven't tried anything smaller than a #80 in mine. In several decades of hard use, it has never let me down. Be advised, though, that these units are now truly pricey (I got mine more than thirty years ago, when they were cheap).

Dawg