Try to make one in real life in that amount of time... lol! I made two workbenches, and crafted both main parts at the same time, went out for the day, came back and assembled them at night.
Getting even a level 1 auger early on though negates the need for both a iron or steel pickaxe, and possibly even the game for the shovels. In our new mp game, on day two out of 4 players two of use have level 2 augers, and wrenches to get gas from cars for them.
The downside of course is the resulting screamer hordes when using them.