Granular Co10Cu90 alloys displaying giant magnetoresistance have been obtai
ned by melt spinning followed by an appropriate heat treatment in the range
0-700 degreesC. Their structural and magnetic properties have been studied
on a microscopic scale using Co-59 NMR technique and thermoremanent magnet
ization measurements. The study reveals that in the as-quenched samples Co
is involved in two main structural components: small, irregular, strained C
o particles (60% of the entire Co population) and a composition modulated C
oCu alloy. A high modulation amplitude of the concentration profile in the
alloy subdivides the latter in two parts with distinctly different properti
es. One part consists of ferromagnetic alloy (average Cu concentration of a
bout 20%) with a blocking temperature of about 35 K (involving 6% of the en
tire Co population in a sample). The other part, containing the remaining 3
4% of the entire Co population, is a paramagnetic alloy with a blocking tem
perature below 4.2 K. The ferromagnetic alloy is magnetically soft-its tran
sverse susceptibility is lower by a factor of 7 than the transverse suscept
ibility of the quenched-in Co particles. The latter population has a blocki
ng temperature of about 150-200 K. During the heat treatment, each of the t
wo main structural components undergoes respective decomposition processes:
both of them display two temperature regimes. One process consists in diss
olving the quenched-in Co particles after annealing at around 400 degreesC,
followed at higher temperatures by a nucleation and growth of the more reg
ular in shape Co particles. The other process resembles a spinodal decompos
ition of the quenched-in CoCu alloy, resulting in sharpening of the concent
ration profile and eventually leading to Co cluster formation in samples an
nealed above 450 degreesC. Both processes end at about T-ap = 700 degreesC,
in formation of large, pure Co clusters that are ferromagnetic at least up
to 400 K.