In this paper the development of a new design solution for high-current shunt resistors is presented, which allows achieving very good accuracy while requiring a simple and low-cost manufacturing process. It is based on a solid cylinder having the voltage measurement circuit which runs through two holes drilled in the cylinder itself. Starting from the well-known expression of the current density in a cylindrical conductor, the frequency response of the shunt is obtained in closed form as a function of the geometric parameters. In turn, the positions of the voltage measurement terminals are chosen by optimizing the frequency response function over a specified range. A shunt prototype has been manufactured and its measurement performance has been evaluated. The experimental results confirm the validity of the approach and highlight the significant improvement with respect to the single-hole cylindrical shunt which has been recently proposed by the authors. The obtained measurement accuracy is noticeable when compared with the ease of manufacturing