Mesoscopic phase separation in Na$_x$CoO$_2$ ($0.65\leq x\leq 0.75$)

NMR, EPR and magnetization measurements in Na$_x$CoO$_2$ for $0.65\leq x\leq 0.75$ are presented. While the EPR signal arises from Co$^{4+}$ magnetic moments ordering at $T_c\simeq 26$ K, $^{59}$Co NMR signal originates from cobalt nuclei in metallic regions with no long range magnetic order and characterized by a generalized susceptibility typical of strongly correlated metallic systems. This phase separation in metallic and magnetic insulating regions is argued to occur below $T^*(x)$ ($220 - 270$ K). Above $T^*$ an anomalous decrease in the intensity of the EPR signal is observed and associated with the delocalization of the electrons which for $T<T^*$ were localized on Co$^{4+}$ $d_{z^2}$ orbitals. It is pointed out that the in-plane antiferromagnetic coupling $J\ll T^*$ cannot be the driving force for the phase separation.