In one aspect of the invention a downhole drill bit with a body intermediate a shank and a working surface. Extending from the work surface is a wear resistant electric transmitter electrically isolated from the drill bit body. A wear resistant electrically conductive receiver, also electrically isolated from the bit body, may be connected to a tool string component. The working surface may also have at least two wear resistant electrodes located intermediate the transmitter and receiver that are adapted to measure an electric potential in the formation.