SANTIAGO, April 5 (Reuters) - HudBay Minerals (HBM.TO: Quote) will consider spinning off its gold assets into a separate company once it completes a drilling program at the Lalor deposit in central Canada, the company's chief executive said on Tuesday.

Hot off the heels of its successful takeover of Norsemont Mining, the company is also looking to buy more projects in Peru, Chief Executive David Garofalo told Reuters on the sidelines of the CRU copper conference in Santiago. (Reporting by Julie Gordon)