A percussive drill bit provided with an improved chuck assembly for a down-the-hole drill hammer. The bit has a head at its forward end with a shank extending from the head. The shank is screw threaded along its length. A reciprocating chuck is provided as a sleeve with internal screw thread as corresponding to those of the shank. The shank is releasably secured in the chuck with the read end of the shank providing a striking face. An arrangement of external splines on the chuck, and a retaining shoulder at its rear end, provide for the required guided movement of the chuck within a drill hammer wear sleeve.